Bethesda home sales remain strong through fall

Bethesda MD Home sales remain strong through November; however absorption rates show a cooling of local market compared to recent years.

by Dan Krell © 2013
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Absorption Rates - Bethesda MD
Absorption Rates – Bethesda MD

Monthly home Sale absorption rates drop compared to hot fall markets of 2012 and 2011, however, there is steady rise in absorption year to date.

November 2013 compared to: Home Listings Contracts Home Sales Average Home Sale Price
Nov-10 -5% 21% 19% 6%
Nov-11 21% 9% 9% 20%
Nov-12 13% 30% -4% 15%
Home Sales - Bethesda MD
Home Sales – Bethesda MD
Year to Date Home Sales - Bethesda MD
Year to Date Home Sales – Bethesda MD

 

 

 

 

Home sales increase through the year, but slow month over month.

Year to Date 2013 compared to: Home Listings Contracts Home Sales
YTD 2010 -1% 18% 18%
YTD 2011 5% 19% 15%
YTD 2012 9% 15% 13%
Average Home Sale Price - Bethesda MD - November
Average Home Sale Price – Bethesda MD – November

Average monthly home sale price rise.

Home Sale Absorption Rate November Absorption Year to Date Absorption
2010 77% 59%
2011 115% 63%
2012 119% 69%
2013 99% 72%

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.