A Quick Snapshot of Montgomery County Market: Sales Volume in October 2015 was down 4.77% relative to October 2014 (880 units versus 924 units). Average price was also down 4.16%. The slowing of the current market was also reflected in that Days on the Market (DOM) was higher in 2015 than in year before, 64 DOM versus 56 DOM in 2014. This shows that the pace of sales is taking longer in this Continue Reading
Sales Volume Up and Days on the Market Up
Montgomery County sales volume in March 2015 was 15.6% above March 2014 (860 units versus 744 units). Average price was essentially unchanged. However, there was a decided difference in Days on the Market (DOM) which was much higher in 2015 than in year before, 75 DOM versus 55 DOM in 2014. This shows that the pace of sales is taking longer in this year's market. If we look at the preceding 90 day Continue Reading
Team Update March 18, 2014
This has been a productive week for the Barbara Ciment Team Helping Sellers, Buyers and Renters: 1. My Listing just went Under Contract 11317 Crescendo Place Silver Spring 20901 2. My Listing is going to closing Thursday 10414 Huntley Ave, Silver Spring 20902 3. Represented Buyer in closed sale 10730 Horde St Silver Spring 20902 4. Listed Beautiful Condo in Leisure World Vantage Point East #108 5. Continue Reading
Despite a colder winter, Montgomery County sales volume was up 6.9% and Days on the Market was down in Jan '14 versus Jan '13. Prices were also up 6%. For more details see my Monthly Market Snapshot Report or, you can wait until April for the Washington Post Report. Continue Reading
Montgomery County MD Sales: All Positive Signs for Sellers
I just used my proprietary software to compare the recently closed out 3rd Quarter 2013 (July-Sept) to 3rd Quarter 2012 and the results are very informative of the new market condition in Montgomery County, MD! Montgomery County (MoCo) Sales Volume for this third quarter is up an amazing 20% while prices are also up 6.9% and Days on Market (DOM) has dropped from 61 Days to 39 Days. MoCo Sales Continue Reading
Market Rising Steadily
The monthly Case-Schiller residential sales report that spans 20 major metropolitan areas showed that home prices had risen at the fastest pace in over 7 years at 12.4%. Their data reports on May-July 2013. For a good summary and a worthwhile article see, Wall Street Journal My web site provides even more current analysis of August 2013 just for Montgomery County, see My Monthly Market Snapshot Continue Reading
Automated Alerts on Ciment.com
We are in the process of automating listing alerts so that any Registered User of ciment.com can Save a Search and associate an Alert for that Saved Search. We apologize for some transition traffic that may have sent you extra alerts for listings that were actually unchanged. This happened because it was hard to transfer log-ins along with their history. From this point on you should only see Continue Reading
Silver Spring Market Improving for Sellers
A new Long & Foster Report confirms that the Silver Spring Market (Zip 20901,02,03,04,05,06,10) is improving for sellers. Data for May 2013 show that Units Sold at 279 is Up 6%. The # Active Listings at 509 is Down -34%, while Median Price at $360K is Up 7%. Another positive indicator for Sellers is that Days On Market at 39 is Down from 53 days (-26%). The Months of Supply is now 1.8 and is Continue Reading
How We Represent Buyers and Sellers in Changing Markets.
I just want to take a minute to report to you how proud we are of our Best MD Buyer Agent, Emily Lurie. Yesterday, Emily wrote a contract on a Silver Spring Property that had a total of 8 Contracts. Although Emily's buyer had not offered the highest price, nonetheless, Emily's contract won out over the others. The feedback was that Emily's contract was clean and professional. That is what makes Continue Reading
Top 1% Realty Alliance Award Presented to Barbara Ciment
Paul Foster presented Barbara Ciment with a Realty Alliance Sales Award in recognition of her achievements in 2012, ranking her in the Top 1% of all residential sales professionals in North America. The Ciment Team was also recognized as Top Office Producer. In 2012, the Team settled $27 Million in Sales: 100 Closed Sale/Rental Transaction Sides! Continue Reading
