USA Today Reports Rockville Housing Sales Plunged

In Close to Home: Federal jobs help stability in Rockville, MD, USA Today reporter Christine Dugas describes government jobs as providing a buffer for Rockville’s real estate market, but  then she reveals “home sales have recently plunged”.

Buyers rushed to purchase homes before the federal tax credit expired mid-year, but now sales have plummeted 22%.

The article touches on tighter spending, foreclosures, and the local economy. King Farm gets a shout out as a “Hot ‘hood” which is popular and has now become more affordable. The most expensive house on the real estate market, listed at $1.9 million, is certainly above the median price point.

Although we prefer for Rockville to make national news with good news, the tables illustrate Rockville’s downturn is not as bad as the national average.

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