What Did the Market Do in Bethesda MD in November 2015? Is Now a Good Time to Buy? or Not?
The real estate market in Bethesda Maryland is very active and showing a lot of strength despite the beginning of winter!
|
Statistic |
Nov | YoY | MoM |
|---|---|---|---|
| Total Sold Dollar Volume | 87,943,279 | up+62.2% | up+22.7% |
| Closed Sales | 87 | up+40.3% | ++4.8% |
| Median Sold Price | $795,000 | up+4.3% | –0.6% |
| Average Sold Price | $1,010,842 | up+15.6% | +17.1% |
| Median Days on Market | 22 days | +up10% | -21.4% |
| Average Days on Market | 58 days | -1.7% | +3.6% |
| Median Price per Sq Foot | $432 | up+10.8% | +3.6% |
| Average Price per Sq Foot | $446 | -.7% | +1.8% |
The number of Closed Sales in November was 87, compared with a 5 year average of 78.
The number of Active Listings in November is 292 versus a 5 year average of 238 active listings.
The months of supply has increased from a 5 year average of 2.7 months to 3.1 months in November.
If you would like to see what is available for sale in Bethesda, just click here! With prices going up and interest rates starting to creep up, it is a great time to buy a home! Call the Lise Howe Group to start your home search soon!
If you are looking for a home in the DC metro area, you know there is more to the process than just picking a property and making an offer. You need to find the best location for your wants and needs, get a great price, and work with a lender who will make your life easier – not harder. Trust your search with a Realtor who is licensed in DC, MD and VA and really knows the city and all its secret neighborhoods.
Start your search with the Lise Howe Group, Washington Natives who love the city and all its quirkiness! If you are moving or relocating to Washington DC, be sure to ask for our relocation guide. Call us at 240-401-5577 to schedule an appointment or email us at lise@lisehowe.com. Too excited to wait to talk to us about a great home? Just click here to start that home search.
If you want to see what is for sale in Washington DC, Chevy Chase and Bethesda, check out these links below:
Bethesda Single Family Luxury Homes
Chevy Chase Single Family Luxury Homes
Luxury Single Family Washington DC Homes