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October 2017 Montgomery County Market Trends Report

by Greater Capital Area Association of REALTORS®



Closed sales dip below last year but beat five-year October average

October’s tally of 985 closed sales dipped below last year’s level (which was the ten-year high for October) by 1.7 percent but was 4.2 percent higher than the five-year October average. There were 1,287 new listings added in October, .5 percent more than last October’s mark. The 2,526 active listings dipped below last October’s active listing total 2,717 (-7.1%). The 1,133 new pending sales marked a .5 percent bump from last October and beat the five-year October average by 2.4 percent, or 27 contracts. The 2,526 active listings heading into August represent 2.4 months of supply given the average sales pace over the last twelve months, favoring the seller slightly more than the 2.6 months of supply last October. Half of the homes sold in October were on the market 20 days or less, eight days quicker than the median DOM in October 2016. The $398,000 median in October was 1.4 percent lower than
last October’s median of $403,488. Closed sales rose in the townhouse and condo segments while dipping in the detached segment.

  • Contract activity. The 1,133 new pending sales marked a .5 percent bump from last October and beat the five-year October average by 2.4 percent, or 27 contracts.
  • Closed sales. October’s tally of 985 closed sales dipped below last year’s level (which was the ten-year high for October) by 1.7 percent but was 4.2 percent higher than the five-year October average.
  • Listing activity. There were 1,287 new listings added in October, .5 percent more than last October’s mark. The 2,526 active listings dip below last October’s active listing total 2,717 (-7.1%).
  • Prices. The $398,000 median in October was 1.4 percent lower than last October’s median of $403,488. The average sales price in October was $492,354, a .3 percent increase over the October 2016 average of $490,665.
  • Price per Square Foot. The average price per square foot for homes sold in October went up .7 percent year-over-year, from $279 to $281.
  • Days-on-Market (DOM). Half of the homes sold in October were on the market 20 days or less, eight days quicker than the median DOM in October 2016. The average DOM was nine days quicker at 46 days.
  • Sales Price to Original List Price Ratios (SP to OLP). Sellers received 97.7 percent of original list price on average, nearly the same as last October. Half of October sellers received at least 98.3 percent of their original asking price, up from 97.8 percent in October 2016.
  • Months of Supply. The 2,526 active listings heading into November represent 2.4 months of supply given the average sales pace over the last 12 months, favoring the seller slightly more than the 2.6 months of supply last October. 

Washington, DC – (November 10, 2017) – The following analysis of the Montgomery County, MD housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.

October 2017 Washington, DC Market Trends Report

by Greater Capital Area Association of REALTORS®

Median sales price reaches highest October level on record (Washington, DC)

October’s median sales price was $550,000, an increase of 1.3 percent over last year and the highest October level on record. The 831 October sales represented a 31.9 percent increase versus last year and above the October five year average of 702. Even with the median sales price at record highs, supply is scarce with only 2.2 months of supply on hand. There was a 3.1 percent bump in contract activity compared to last October. The 870 overall new pending sales topped the five-year October average by 3.9 percent. Closed sales increased by double-digit percentages compared to last October in every segment. Half the homes sold in October were on the market for nine days or less and the competition among buyers kept the median percent of asking price at 100 percent.

  • Closed sales. The 831 October sales represented a 31.9 percent increase versus last year and above the October 5-year average of 702. The 7,758 cumulative year-to-date sales are 8.3 percent more than the number sold through October of last year.
  • Contract activity. There was a 3.1 percent bump in contract activity compared to last October. The 870 overall new pending sales topped the five-year October average by 3.9 percent.
  • Listing activity. The number of new listings increased 18.9 percent compared to last October. The 1,168 new listings is above the five-year October average.
  • Inventory. The 1,595 active listings at month’s end are 16.1 percent more than at the same point last year.
  • Months of Supply. Supply remains scarce relative to demand, continuing to drive a strong seller’s market in the District. The 1,595 active listings represent just 2.2 months of supply.
  • Prices. October’s median sales price was $550,000, an increase of 1.3 percent over last year and the highest October level on record.
  • Days on Market (DOM). Half the homes sold in October were on the market nine days or less prior to contract, three days quicker than in October 2016.
  • Sales Price to Original List Price Ratios (SP to OLP). Half the sellers received 100 percent of original list priceor less, exactly the same as last October.


Washington, DC – (November 10, 2017) – The following analysis of the Washington, DC housing market has been prepared for the Greater Capital Area Association of REALTORS® based on analysis of Bright MLS multiple listing data by MarketStats by ShowingTime.

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Photo of Phyllis Wiesenfelder Real Estate
Phyllis Wiesenfelder
Long & Foster Real Estate, Inc.
4650 East West Highway
Bethesda MD 20814
Direct: (301)215-6915
Mobile: (301)529-3896
Fax: Office: 301-907-7600