Frederick County Real Estate Market Report for September 2010 provided by the Highland Group,
Statistics have been published by MRIS* for September 2010
Here are the highlights:
| County-wide | 2010 | 2009 | % Change |
| Avg. Price | $253,400 | $277,100 | -9% |
| Median Price | $224,000 | $240,000 | -7% |
| DOM | 92 | 98 | -6% |
| # homes sold | 195 | 230 | -15% |
| New Listings: | 397 |
| Total Marked Contract: | 108 |
| Total Marked Contingent: | 100 |
| Total Pending (contract + contingent) | 208 |
Notes: There are currently 1745 listings for sale in Frederick County. That makes roughly a 8-9 month inventory. Average and median prices are 7% less than last month. Pendings sales are 22% lower than last month (267). 15% of sales were cash deals, reflecting mostly investors. The inventory is relatively low, leaning close to a balanced market. 25 to 30% of sales continue to be short sales and foreclosures.
*Other notable sales statistics: Sellers got 92% of list price on average, compared to 93% at this same time last year.
Comments: Heading into the typical winter slowdown early? Average prices dropped 7% from last month, and median prices dropped 7% from last month.
Chris and I have another theory… its an election year. People hold off on major purchases until after the election.
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The Highland Group
Chris & Karen Highland * 301-831-9947
Real Estate Teams, LLC
email us: karen@allthingsfrederick.com
Text Us: 301-401-5119
Chris & Karen Highland * 301-831-9947
Real Estate Teams, LLC
email us: karen@allthingsfrederick.com
Text Us: 301-401-5119
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