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 period (Jan 11= April 11) for each year than sales volume was up 6.8% while average sales prices were down 2.4%.

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Barbara Ciment, Realtor