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Chevy Chase, MD (Montgomery County) Real Estate Market Analysis for Buyers and Sellers of Chevy Chase Homes

Chevy Chase, MD (Montgomery County) Real Estate Market Analysis for Buyers and Sellers of Chevy Chase Homes

Chevy Chase, MD home sales have stabilized since 2009.  Period.

Fact versus Fiction
Fact is defined as something known to exist or to have happened.
Fiction is defined as something feigned, invented, or imagined; a made-up story.

These data relating to real estate transactions comes directly from the Metropolitan Regional Information Systems, Inc. (MRIS); the largest multiple list service (MLS) in the nation.  An MLS is a shared, computerized database containing all of the listings of properties offered for sale by participating real estate brokerages in a given geographical area.  MRIS serves more than 40,000 real estate professionals spanning the Mid-Atlantic region, including Maryland, Virginia, Washington, D.C. and parts of Pennsylvania, Delaware and West Virginia.

Facts!  Here is the current Chevy Chase, MD real estate market analysis for buyers and sellers of Chevy Chase homes for the period of June 1, 2010, through June 30, 2010 (versus the same time period in 2009).

2010 2009 % Change
Total Sold Dollar Volume: $58,628,400 $46,906,250 24.99%
Average Sold Price: $993,702 $998,005 -0.43%
Median Sold Price: $892,000 $780,000 14.36%
Total Units Sold: 59 47 25.53%
Average Days on Market: 67 129 -48.06%
Average List Price for Solds: $1,091,625 $1,114,472 -2.05%
Avg Sale Price as a percentage of Avg List Price: 91.03% 89.55%

Highlights

  • Volume, both dollar and unit volume have increased 25% YOY
  • Selling price has remained flat
  • Days on market has decreased by 48%
  • Sellers have received an average of 91% of their asking price

The market remains strong according to the current Chevy Chase, MD real estate market analysis for buyers and sellers of Chevy Chase homes.

Questions or Comments
Let me know.  I specialize in homes for sale or rent in Maryland.

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