What’s Your Chance to Sell in Montgomery County?

Well, in March it was 9.1%.  That’s right.  Out of 100% you had a 9.1% chance to sell property in the county.  Sure some areas are better and some are probably even worse, but averaged out for the county you had to be the most perfect property to sell.  Perfectly located, perfectly staged, perfectly priced.

So were you one of these sales?

If not, then it’s time to take a long hard look at what needs to be done to get your home sold.

If you are a buyer in this market, what are you waiting for??  Rates are low, the choices for homes are great and you get to negotiate because those sellers who must sell want to be one of the 9.1% sold for the month.

Just in case you have trouble reading the chart, the number of homes actively for sale is the column on the left.  The column on the right represents the % of opportunity for sale property had in that month.  The blue bars that are ever increasing in height are the active listings, and those very small green bars…. those are the sales.  Not so many of them.

The most interesting thing about this chart is it shows the effects of the credit crunch very succinctly since the line just flattens right out after August when credit became much more difficult to get.  It will be interesting to watch this as the months go by and we can all hope to see the opportunities go back up and those green bars start to rise as well!

To begin your search for the perfect home or to sell your home in the Bethesda Maryland area, start your journey by calling Josette Skilling at (301)385-9213. 

Source for data is MRIS and is deemed reliable.