Year-over-year figures show notable shifts in Montgomery County’s housing market. Typical home values are up sharply, rising more than 30 percent from last September, while the median list price has inched up only slightly. At the same time, homes are selling much faster, with median days on market down by nearly half compared with a year ago.
In the latest September snapshot, conditions look more balanced but also more volatile. Months of supply has climbed to about five and a half months, more than doubling from a year earlier and pointing to more options for buyers even as overall activity cools. Sales volume has pulled back, with homes sold down significantly from both last month and last year, while new listings have also declined year over year.
Despite slower sales, pricing power has held up for many sellers. About 44 percent of homes sold above list price in September, and the average sale-to-list ratio is just under 98 percent, both higher than a year ago. Compared with the broader New York market, Montgomery County offers much lower typical home values, which may attract budget-conscious buyers. With these crosscurrents in pricing, speed, and inventory, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent to help them navigate the Montgomery County market.
