The October Market Wrap Up

Let’s take at look at the numbers for single-family homes and condos that sold between $100,000 and $5,000,000 in October and see how they compare to a year ago.

Washington, DC

• 582 homes sold, up from 414 in October 2008
• The median sales price was $380,000, down from $394,450 in October 2008
• The average days on market for homes sold was 91 days, up from 77 days in October 2008
• On average, homes sold at 93.36% of the list price, in October 2008 it was 92.67%

Fairfax County, Fairfax City, Arlington County, Alexandria City & Falls Church City, VA

• 1,604 homes sold, up from 1,457 in October 2008
• The median sales price was $356,800, down from $359,000 in October 2008
• The average days on market for homes sold was 58 days, down from 94 days in October 2008
• On average, homes sold at 94.56% of the list price, in October 2008 it was 92.21%

Montgomery County

• 942 homes sold, up from 678 in October 2008
• The median sales price was $330,000, down from $370,000 in October 2008
• The average days on market for homes sold was 80 days, down from 116 days in October 2008
• On average, homes sold at 92.52% of the list price, in October 2008 it was 91.20%

Prince George’s County

• 710 homes sold, up from 408 in October 2008
• The median sales price was $210,000, down from $260,000 in October 2008
• The average days on market for homes sold was 122 days, down from 136 days in October 2008
• On average, homes sold at 89.37% of the list price, in October 2008 it was 88.00%

Greater Baltimore: Anne Arundel, Baltimore City & County, Carroll, Harford, Howard

• 2,219 homes sold, up from 1,631 in October 2008
• The median sales price was $235,000, down from $252,900 in October 2008
• The average days on market for homes sold was 117 days, down from 125 days in October 2008
• On average, homes sold at 91.09% of the list price, in October 2008 it was 90.52%

We pulled the numbers in this post from MRIS.

Dig Deeper Into the Trends

These numbers county-level trends. To see what’s happening in your neighborhood, check out our stats & trends pages.