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Germantown Home Prices Up, But Sales Slide


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By Andrew Einsmann

In September, the Germantown housing market saw mixed results but overall signs of improvement. A total of 77 houses were sold resulting in a total volume of $25 million dollars of housing.

While the total units sold are down about seven percent from August 2014 and the numbers are lower compared to last September’s totals. However, Germantown has seen a slight increase, five percent, in prices of homes sold year over year and about one percent increase in prices over homes sold in August 2014.

This is a sign that the market in the area is robust and there still is demand because the housing prices are stable after the school year has started. The average days for a house to be on the market has increased to 50 days which is almost double what it was last month but it is about the same amount of time as last year in September.

Germantown is seeing the standard slowdown in the housing market when school starts however, pricing is remaining robust. If you are selling your house, remain calm and do not drop your price too early. The buyers will still be willing to pay for your house if it is good condition and if