Chance for Sale in Bethesda MD Real Estate 20816 - May ‘08

Certainly the numbers are moving in the right direction:  inventory was slightly down, sales were slightly up and the chance for sale has climbed from that ugly low in January to 37% last month.  It is down from last year at the same time (when the chance for sale was 49.1%) when inventory was lower and there were also more sales.  Inventory is up 28% and sales are down 3.6%

We’ll be watching for the financial markets to strengthen and for credit to loosen up even further to allow more homeowners to purchase since this chart spans all housing types and price ranges in the zip code.   Compared to the county as a whole this zip code is still faring better since the chance for sale was only 11.2%.  Yikes.

Information is from MRIS and is deemed reliable but not guaranteed.