Trendsheets
The Research and Special Projects Division (RSP) identifies and tracks demographic, housing, and economic trends to help inform planning and other initiatives throughout Montgomery County. As part of this mission, RSP publishes quarterly trendsheets that identify and analyze changes in the County's population, housing, and office space. Trendsheets are intended to help fully inform the public and policy makers, as they make decisions that shape the future of Montgomery County.
Housing
The housing trendsheets report on median price sales trends in the County, region, and nation. This analysis is done considering other housing trends, such as for-sale inventory and mortgage interest rates. Major findings from the 1st quarter include:
- Montgomery County’s median sales price for all housing types in March 2014 was $375,000, the same amount as of March of last year.
- March 2014 is the only month in the past twelve month where the median sale price was not higher than the same month in the prior year.
- As of March 2014, there were just under three months of inventory of homes for sale. A housing market with less than a six month supply of homes for sale is considered favorable toward sellers.
Housing monitor, 1Q2014, March 2014
Housing monitor, 4Q2013, December 2013
Housing monitor, 3Q2013, August 2013
Housing monitor, 2Q2013, May 2013
Housing monitor, 1Q2013, February 2013Demographics
The demographic trendsheets report the latest trend or subject relevant to current policy questions in Montgomery County. The latest topic in this series focuses on the educational attainment of County residents ages 25 and older. Major findings include:
- Three out of five (57 percent) of residents age 25 years and older had a Bachelor’s or an advanced degree in 2012.
- Montgomery County had the greatest number of residents with a professional or doctorate degrees (83,044 12 percent) in the Washington, D.C. region.
- Residents with a graduate or professional degree earned $91,842, three times the median income of a high school graduate ($30,483), and 50 percent more than a college graduate ($60,668) in 2012. Regardless of education, women residents earned two-thirds the amount men made.
Demographic monitor (Educational Attainment), 4Q2013
Demographic monitor (Housing Cost Burden), 3Q2013
Demographic monitor (County-to-County Migration), 2Q2013
Demographic monitor (Median Income), 1Q2013
Office Space
The office trendsheet is an update of office market fundamentals in Montgomery County. The trendsheet looks at economic forces shaping demand for office space, including job growth, federal leasing, and private sector hiring patterns. The report tracks office market indicators such as rents, vacancies, net absorption, deliveries, and under-construction inventory; giving a snapshot of current conditions and perspective on long range trends. Second quarter 2014 highlights include the following:
- Montgomery County's office market shows signs of further weakening, while the downtown Washington, D.C. market is surging.
- At $27.841 per square foot, average 2Q 2014 office rents inthe County fell $0.25 over the year, while the County's office vacancy rate rose by more than a full percentage point from 13.7 percent to 14.8 percent compared to the same quarter last year.
- Construction activity has slowed throughout the region, with roughly 5 million square feet under construction in the 2nd quarter of 2014, compared to 7.4 million one year ago. In Montgomery County, 565,000 square feet of office space were under construction, compared to 1.05 million square feet one year earlier.
Retail Space
Retail Space monitor, 2Q2013, August 2013
Employment
Employment monitor, 2Q2013, August 2013
Employment monitor, 1Q2013, January 2013
See Trendsheets Produced 2010-2011
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