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Gaithersburg Home Sales for October 2016

Gaithersburg Home Sales for October 2016

In 20878, the median sold price for Gaithersburg home sales for October 2016 was $590,000, representing a decrease of 3.3% compared to last month and an increase of 3.1% from Oct 2015. The average days on market for Gaithersburg homes sold in October was 64 days, 5% below the 5-year October average of 67 days. There was a 3.1% month over month increase in new contract activity with 33 New Pendings; a 9.8% MoM increase in All Pendings (new contracts + contracts carried over from September) to 45; and a 9.5% decrease in supply to 86 active units.

Gaithersburg Townhome and Condo Sales for October 2016

In 20878, the median sold price for Gaithersburg Townhome and Condo sales for October 2016 was $380,000, representing an increase of 9.7% compared to last month and an increase of 9.5% from Oct 2015. The average days on market for Gaithersburg Townhomes and Condos sold in October was 42 days, 12% below the 5-year October average of 48 days. There was an 8.2% month over month decrease in new contract activity with 45 New Pendings; a 10.8% MoM decrease in All Pendings (new contracts + contracts carried over from September) to 66; and an 18.5% decrease in supply to 88 active units.

Copyright © 2016 RealEstate Business Intelligence, all rights reserved. Chart and report provided by ShowingTime. Data provided by the Metropolitan Regional Information Systems.

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