Montgomery County Real Estate Stats

Pretty stable…
From the GCAR Report of December 2008 here (Montgomery County is on Page 3)
Montgomery County: Average Sale Dec 2007 to Dec 2008 down 26% from $148.2K to $109.8k; median from $155.3K to $114K down 27%.  In fact if you look at the full year performance of 2008 versus December to December you will find that average is down 1% and the median down 11% so I’d take that as pretty stable.
Usual caveats apply to these numbers so don’t conclude that real estate values are down 26% in the City– they are not and the data do not lead to that conclusion either.
Capital District Region Writeup here

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