November 2009 Real Estate Stats for Bethesda, 20816

Information source MRIS, deemed reliable but not guaranteed…

November taken just from this chart looks abysmal.  But rolled up for the year, the median price is only down about 5%.  Not so bad if you thought it was 39% down.  That’s one of the reasons this month over month look can be deceptive and really too narrow to look at as definitive.  I prefer to keep a rolling average of the year to date so I can look back over the years and see if this season is in fact much different than previous year’s seasons as a whole.  I also prefer median price over average because it doesn’t take much in a zip code that is being remodeled or rebuilt fairly heavily to skew the data upwards.  Same holds true for some of the smaller homes that might be gobbled up to create a new home and that will skew the average downwards…

The active inventory in November was much lower than before and that becomes the trend to watch.  If it continues and buyer demand starts heading upwards we might see price stabilize in an upward trend. 

If you are looking to buy or sell a home in one of the Bethesda real estate communites, please start your search by calling me, a Bethesda Realtor. I’m available to help you! Josette Skilling Real Estate Professional Long & Foster Real Estate, Inc. Cell: 301-385-9213 Fax: 240-465-2168 Email: j.skilling@verizon.net http://bethesdabuzz.com