Bethesda MD Real Estate Market Data, Statistics & Market Trends – 20816

Bethesda Dream Home Finders’ Market Data & Market Trends research gives you real-time data to help you make informed decisions. In addition to the real-time market reports found below, we publish weekly Market Update Reports for Montgomery County Real Estate and the surrounding areas. See a sample report here. The reports detail a number of market trends in Bethesda Real Estate 20816 that include Average Days on the Market (DOM), Median List Price, Average Price, Inventory, and several other market facts.

Bethesda MD Real Estate Market Trends – 20816 Median Price Average Price Number of Listings Days on Market Home Price Trends for Bethesda, Maryland 20816 The Home Price Trends chart details the current median single family home price in Bethesda for 20816. Watch the Trends charts to stay abreast of market fluctuations as they change! Average List Price Trends for Bethesda, Maryland 20816 Average List Price – chart details the average list price for a property in Bethesda, 20816. Number of Listings Trends for Bethesda, Maryland 20816 More inventory in Bethesda, 20816 = more choices in Bethesda, 20816 and quite likely, more competition for the same pool of buyers. Taken with the other charts, the Number of Listings chart for Bethesda, 20816 is a good tool to evaluate how saturated a market is. Days On Market Trends for Bethesda, Maryland 20816 The Average Days on Market – or "DOM" – chart details the average length of time that it takes for a property to sell in Bethesda, 20816. This chart further refines the median price and breaks it down by quartile.  Not all are equal! Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.The Market Action Index (MAI) on the chart below illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. "Hot Market") because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a "Buyer’s Market" (a.k.a. "Cold Market") where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.Keep in mind that an MAI value close to "30" probably means that the local market is balanced or neutral. So if the MAI for our local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.

PLEASE NOTE: Neither Josette Skilling nor this site makes any representation or warranty regarding the information presented herein and specifically disclaims all warranties including, but not limited to, any warranty for fitness for a particular purpose. Information is deemed reliable but not guaranteed.

If you are looking to buy or sell a home here or in one of the other lovely surrounding Bethesda real estate communities, please start your search by calling me, a Bethesda Realtor.   You can search for all homes for sale in Bethesda by clicking on the search button above.

I’m available to help you!

Josette Skilling
Real Estate Professional
Long & Foster Real Estate, Inc.
Cell: 301-385-9213
Email: j.skilling@verizon.net
http://bethesdabuzz.com