Rockville Marketing Report December 2016

Focus On: Rockville Housing Market

December 2016

Zip Code(s): 20850, 20851, 20852, 20853 and 20896

Units Sold

Active Inventory Median Sale Price

Days On Market

101

245

$396,000

45

500,000

100 150 200 250 300 350 400 450 D-14 A-15 A-15 D-15 A-16 A-16 D-16

20 25 30 35 40 45 50 55 60 65 D-14 A-15 A-15 D-15 A-16 A-16 D-16

100 120 140 160 180 200

450,000

400,000

350,000

300,000

250,000

60 80

200,000

D-14 A-15 A-15 D-15 A-16 A-16 D-16

D-14 A-15 A-15 D-15 A-16 A-16 D-16

Down -19%

Up 1%

Up 2%

Down -4%

Vs. Year Ago

Vs. Year Ago

Vs. Year Ago

Vs. Year Ago

Units Sold*

Sold Detached

Sold Attached

Sold Condo/ Coop

Units Sold

120

There was a decrease in total units sold in December, with 101 sold this month in Rockville versus 121 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 19% versus December 2015.

100

80

60

40

20

Active Inventory*

0

Active Detached

Active Attached

Active Condo/ Coop

100 150 200 250 300 350 400 450 500

Active Inventory

Versus last year, the total number of homes available this month is higher by 3 units or 1%. The total number of active inventory this December was 245 compared to 242 in December 2015. This month's total of 245 is lower than the previous month's total supply of available inventory of 318, a decrease of 23%.

0 50

Median Sale Price

Median Sale Price

500,000

Last December, the median sale price for Rockville Homes was $390,000. This December, the median sale price was $396,000, an increase of 2% or $6,000 compared to last year. The current median sold price is 7% lower than in November.

400,000

Dec-16 $396,000

Dec-15 $390,000

300,000

200,000

100,000

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

0

Rockville are defined as properties listed in zip code/s 20850, 20851, 20852, 20853 and 20896.

Information included in this report is based on data supplied by MRIS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate, Inc. *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster’s knowledgeable and experienced sales associates.

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