Home sales across Montgomery County and Washington, D.C. dropped sharply in November, as rising inventory and ongoing economic uncertainty continued to shape the regional housing market, according to new data from the Greater Capital Area Association of REALTORS® (GCAAR).
KLNB has completed the sale of 189 Kentlands Boulevard in Gaithersburg, a two-story, 19,880-square-foot office property positioned on 1.28 acres in the center of the Kentlands community. The building sold for $5.95 million to Community Options, which will occupy the property as an owner-user, according to ConnectCRE.
A former Truist Bank (and Suntrust) branch located at 9916 Main Street in Damascus will be offered at auction from December 15 to 17, with bidding starting at $175,000.
The housing market in Montgomery County and Washington, D.C. continued its shift toward a more balanced environment in October, according to new data released by the Greater Capital Area Association of REALTORS® (GCAAR).
The former Potomac estate of Dan and Tanya Snyder, once the personal residence of the former Washington Commanders owners, is officially heading to auction through Concierge Auctions, with proceeds benefiting the American Cancer Society.
The Quince Diamond Executive Center, a six-story office building located at 555 Quince Orchard Road in Gaithersburg, has sold for $7.56 million in an online auction, according to Maryland Newsletters.
Marcus & Millichap has announced the $2 million sale of The Flower House, a 20-unit multifamily property located at 8212 Flower Avenue in Takoma Park, Maryland.
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As autumn settles across the region, the Montgomery County and Washington, D.C. housing markets are showing signs of seasonal slowdown. According to the latest report from the Greater Capital Area Association of REALTORS® (GCAAR), homes in September 2025 took noticeably longer to sell than they did a year earlier, signaling a market that’s stabilizing after several years of intense competition.
A major redevelopment is underway in Rockville, where Bethesda-based developer EYA LLC has purchased three parcels in the Decoverly Hall office campus for $18 million with plans to build over 200 townhomes, according to a Biz Journals report.
With the median days a home is on the market inching up to 23 – a 27.8% increase over July 2025 – only 1,392 closed sales in August 2025, and 4,336 active listings in Montgomery County, MD and Washington, D.C., housing inventory is plentiful in the region, according to new data from the Greater Capital Area Association of REALTORS® (GCAAR).