The report shows that the overall median sales price of $285,000 reflected an increase of 2.3 percent in 2017. A total of 12,202 homes were sold in the county last year—the most in the last ten years. The increase in sale prices was evident through most housing types. Many boroughs and town centers are seeing gains in their median values, partially driven by a housing stock scarcity relative to other municipalities. This has led to an overall decline in the average number of days on the market; since 2016 the number of days a home sits on the market has come down by 13. This is a strong indicator of how “hot” the Montgomery County housing market has become.