July, 2026"Understanding Your Debt-to-income (DTI) ratio"Your debt-to-income DTI ratio compares your monthly debt payments to monthly income. Mortgage lenders use this important financial
November 2024 Montco Housing Update
Dated: December 10 2024
Views: 8
Here’s what you’ll learn from this video:
- How home prices in Montgomery County have increased compared to last year, showing strong market demand
- A glimpse into the ongoing seller’s market with homes still selling at or above asking prices
- The impact of low housing supply, with just 1.54 months of inventory, continuing to keep pressure on prices
HIGH-LEVEL MARKET OVERVIEW
We’re still in a seller’s market with 1.54 months of supply. A balanced market is 4-6 months, but we’re well below that, keeping upward pressure on prices.
MEDIAN HOUSE PRICE
The median home price rose to $455,000, a 3.4% increase from last month, showing the market remains strong.
LIST-TO-SALE PRICE RATIO
Homes are selling close to asking, with a list-to-sale price ratio of 100.5%. That’s slightly lower than last month but still favorable for sellers.
DAYS ON MARKET
The median days on market increased to 21 days, giving buyers more time, but the market is still moving quickly.
INTEREST RATES
Interest rates are key: the 30-year fixed is 6.68%, and the 15-year dropped to 5.98%, which might open up financing opportunities.
MARKET TRENDS INSIGHT
Whether you're buying or selling, this is just a market snapshot and may not fully indicate your local market conditions. Reach out for a personalized market analysis or any questions about your real estate goals.
Elena Nasto
For me, real estate has always been about more than just buying or selling a home — it’s about being part of the community and helping people find their place in it. I truly love where I l....
Latest Blog Posts
How to Prepare Your Home Before Listing It for SaleSelling your home is a big decision, and the way your property looks, feels, and functions before it hits the market can make a major difference.
Why Agents Are Choosing to Grow with Weichert Realtors®, CornerstoneIn today’s real estate market, agents need more than just a brokerage name behind them — they need leadership,
Montgomery County Real Estate Inventory Is Rising: What March 2026 Means for Buyers and SellersIf you’ve been watching the Montgomery County real estate market closely, one of the biggest
© BRIGHT, All Rights Reserved
