If we look at FULL YEAR Totals for Montgomery County (MoCO) it looks like overall it was a moderate Year:
- # Sold 2020 13,454 Aver. Price $586,115 DOM 27
- # Sold 2019 12,789 Aver. Price $550,943 DOM 34
Volume Change +5.20%. Price Change +6.38%. DOM Change -20.6%
BUT, that would be very misleading about what is current or possibly in the future. We all know that there were 3-4 months of lockdown in 2020. Perhaps, we are again entering some yet undefined period of lockdown in 2021. But, the past 4-Months were anything but, moderate.
Last 4-Months (SEP-OCT-NOV-DEC) TOTALS Montgomery County:
- # Sold 2020 5,178 Aver. Price $603,452 DOM 22
- # Sold 2019 4,105 Aver. Price $541,958 DOM 35
Volume Change +26%. Price Change +11.35%. DOM Change -22.8% .
This production is more impressive when you take into account that Active Listings have been down 40% throughout these months!