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Potomac MD – November 2015 home sales surge increasing 50% year over year and month over month. pending sales decreased about 20% year over year, possibly due to a number of reasons including: seasonal slow down, and possible effects from the new TRID lending rules.
Active listings increased about 17% and average days on market increased about 12% compared last November. The average home sale price increased about 3%, while the average list price increased 2.5%.
Data and graphics from RealEstate Business Intelligence and MRIS.
Did you know that 24/7 Wall St. ranked Maryland, with a $70,004 median household income, as the richest state in the Union back in 2012? They also deemed the Washington DC metro area as the richest city in the country with a median household income of $86,680.
According to 24/7 Wall St:
“Maryland, which has had the highest median income of all states since 2006, was the only state in the country to have a median income above $70,000 in 2011. The state’s 10.1% was well below the national rate of 15.9%. Furthermore, a sizable portion of the population is earning well above the median income. Maryland is one of three states, along with New Jersey and Connecticut, where more than 10% of families earned more than $200,000 in 2011. Across the U.S., only 5.6% of families made more than $200,000 in 2011.”
However in their recent list of state by state richest towns, Montgomery County’s Poolesville is crowned Maryland’s richest town, with a median household income of $135,430 and a listed population of 4,977. Visit the Town of Poolesville’s official site.
24/7 Wall Street had this to say about Poolesville:
“With Maryland households the wealthiest in the nation, Poolesville was not just the richest in the state but also among the richest nationwide. A typical household in the town earned $135,430 annually. Maryland was also one of just 10 states where the difference between the poorest and richest towns’ household median income exceeded $100,000.”
Are you curious to see what Poolesville homes are like? View the pictures and virtual tours of Poolesville MD Homes for Sale.
Wormald Homes is now offering has luxury lifestyle homes in Crown, Gaithersburg MD. Their city home lifestyle offers a number of options and possible amenities; such as Three-Car Garages; Penthouse Lofts; Elevators; Viking Appliances; 10 ft. ceilings; Modern island Kitchens open to Great Room, Sunroom, and Grand Terrace; Owner’s Retreats’ Rooftop Living Terrace; Rooftop Dining Terrace; Rooftop Sun Terrace; 3 to 5 Bedrooms; 2.5 to 4.5 Baths; The Wormald Lock & Go Lifestyle Yard Maintenance Program.