Montgomery MD home sales lukewarm as home prices increase

The good news (for home owners) is that average home sale prices continue to climb, as there has been 1% year over year increase for April.   Home Prices

But If you’re following Montgomery County MD home sales, April 2015 sold homes increased 10% from last year, but is 2% lower from the same in 2013, and 8% lower from the same time in 2010!

Home SalesWhile pending home sales drop sharply during April, buyer activity is slowing as indicated by a falling absorption rate during April (dropping to 46% from 48% last year).

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