Frederick County Real Estate Market Statistics provided by the Highland Group,
Statistics have been published by MRIS* for October 2010
Here are the highlights:
| County-wide | 2010 | 2009 | % Change |
| Avg. Price | $290,200 | $256,600 | +13% |
| Median Price | $256,000 | $233,000 | +10% |
| DOM | 88 | 121 | -27% |
| # homes sold | 166 | 225 | -27% |
| New Listings: | 333 |
| Total Marked Contract: | 109 |
| Total Marked Contingent: | 126 |
| Total Pending (contract + contingent) | 235 |
New Construction: 185 Listings, 12 Sold
Note: There are currently 1708 listings for sale in Frederick County. That makes roughly a 7-8 month inventory. Average and median prices are higher than last month. Pending sales are higher than last month. 20% of sales were cash deals, reflecting mostly investors. The inventory is declining, leaning close to a balanced market. 25 to 30% of sales continue to be short sales and foreclosures.
*Other notable sales statistics: Sellers got 93% of list price on average, compared to 90% at this same time last year.
COMPARE to: Frederick County Real Estate Market Report for September 2010
To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market or the Montgomery County Real Estate Market.
The Highland Group - Frederick Real Estate
Chris & Karen Highland
301-831-9947
Turning Point Real Estate
isell4u2@msn.com
Text Us: 301-401-5119
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