How Much Is Your Single Family Bethesda Home Based on September 2016 Housing Stats

BETHESDA DETACHED PROPERTIES
In Bethesda, MD, the median sold price for all

Detached properties for September was $965,000, representing a decrease of 7% compared to last month and an increase of 10.3% from September 2015.

The average days on market for units sold in September was 85 days, 35% above the 5-year September average of 63 days.

There was a 46% month over month increase in new contract activity with 73 New Pendings; a 37.8% MoM increase in All Pendings (new contracts + contracts carried over from August) to 102; and a 19.3% increase in supply to 229 active units.

This activity resulted in a Contract Ratio of 0.45 pendings per active listing, up from 0.39 in August and an increase from 0.38 in September 2015. The Contract Ratio is the same as the 5-year September average of 0.45.

A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.

In short, this may well be the time to buy your single family home on the market because it appears that the market is moving quietly in the buyer's favor.

If you are looking for a new home, you should certainly check out these single family homes!
All Bethesda Homes Under $750,000
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All Bethesda Homes Over $2,000,000