Last week I reported that the number of homes sold in Clarksburg during September 2008 had increased compared to last September.
This same trend is evident in Montgomery County.
A total of 768 homes sold in September 2008, a 31.78 increase over September 2007. The total sold volume was $351,771,293 -- a 17.98 percent increase over last year.
The Montgomery County median selling price was down, indicating that more homes in the lower price range are selling than last year, and the days-on-the-market average shows that homes are staying on the market longer than last year by 23.17 percent.
The upshot: there are more buyers than last September, but they are being cautious before making a buying decision.