Mortgage rates have dropped to their lowest level in nearly four years, with the average 30-year fixed hovering around 6% a sharp move from the 7.5% peak. But the real story isn’t panic or recession fears. It’s economic normalization. Inflation has steadily cooled from post-pandemic highs, falling from the 8–9% range down to the low […]
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Rockville saw steady activity with 48 homes sold and an average sales price of $657,000. Homes moved in about 39 days and sold at 97.1% of list price, showing consistent buyer confidence. Inventory remains balanced with 39 active listings, while top sales pushed into the $1.3M+ range, highlighting continued strength across multiple price points.
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North Bethesda continues to show strong demand with limited inventory. Homes averaged $672,500, selling in about 44 days and closing at 96.6% of list price. With just 10 active listings and a top sale reaching $2.2M, the luxury segment remains resilient even with mortgage rates near 6.1%. If you’re considering buying or selling in North Bethesda, understanding micro-market timing is everything.
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Kensington’s market remains tight and premium-driven, with an average sales price of $870,000 and homes selling in about 43 days. With only 26 active listings and 14 homes sold, inventory is still limited, keeping pricing strong at $414 per sq ft. Top sales reached $1.74M, reinforcing Kensington’s appeal among move-up and luxury buyers even with mortgage rates around 6.1%.
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Gaithersburg delivered one of the strongest average prices this month at $741,000, with homes averaging 41 days on market and selling at 96.1% of list price. With 46 active listings and 42 homes sold, the market remains active, and multiple sales crossed the $1M mark, signaling ongoing demand in both move-up and luxury segments despite higher interest rates.
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