Chevy Chase MD home sales best February in three years

by Dan Krell
DanKrell.com
© 2013
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Chevy Chase MD home sales have best February in three years!

Chevy Chase MD Home Sales

Chevy Chase MD Home Sales

The number of homes that sold in Chevy Chase during February increased 12% year over year and 25% compared to Feb 2011, and 32% compared to Feb 2010. Year to date home sales increase 17% compared to the same period last year, 24% compared to 2011, and 23% compared to 2010.

Chevy Chase MD Absorption Rate

Chevy Chase MD Absorption Rate

Although slightly higher than last year, the absorption rate of home in Chevy Chase MD during February 2013 was 35% (absorption rate during Feb 2012 and Feb 2011 was 33%, while the absorption rate for Feb 2010 was 44%)

Chevy Chase MD Average Home Sale Price

Chevy Chase MD Average Home Sale Price

The average home sale price for homes that sold during February in Chevy Chase MD increased 21% year over year, 12% compared to Feb 2011, but decreased (-3%) compared to Feb 2010.

Chevy Chase MD Year to Date Home Sales

Chevy Chase MD Year to Date Home Sales

Homes listed during February increased compared to recent years (+7% compared to Feb 2012, +20% compared to Feb 2011, and +45% compared to Feb 2010). Listings year to date through February also increased (+8% compared to 2012, +4% compared 2011, and +18% compared to 2010).

Homes under contract during February decreased 3% year over year, but increased 28% compared to Feb 2011, and + 53% compared to Feb 2010. Year to date through February, homes under contract are unchanged compared to the same period last year, but increased 25% compared to same period in 2011, and +35% compared to the same period in 2010.

Sales data is inclusive of homes listed in MRIS. Home sales data compiled from local MLS, MRIS.com; Property information posted on this site is believed to be accurate, but should not be relied upon without verification.

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