July market update – Chevy Chase Real Estate

by Dan Krell © 2013
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The summer has been hot for local real estate, however there was a year over year drop in home sales and average home sale price in Chevy Chase MD.

July 2013 compared to Home Listings Contracts Home Sales Average Home Sale Price
Jul-10 -29% -3% 12% -13%
Jul-11 3% 28% 16% 6%
Jul-12 40% 50% -4% -24%
Home Sales - Chevy Chase MD
Home Sales – Chevy Chase MD
Year to Date Home Sales - Chevy Chase MD
Year to Date Home Sales – Chevy Chase MD
Year to Date through July 2013 compared to Home Listings Contracts Home Sales
YTD 2010 -9% 12% 19%
YTD 2011 2% 20% 16%
YTD 2012 17% 10% 11%
Average Home Sale Price - Chevy Chase MD
Average Home Sale Price – Chevy Chase MD
Home Sale Absorption Rate  - Chevy Chase MD
Home Sale Absorption Rate – Chevy Chase MD
July Absorption Year to Date Absorption
2010 83% 52%
2011 112% 61%
2012 224% 72%
2013 129% 71%

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.