City of Frederick Real Estate Market Statistics for December 2010

Tuesday, January 18, 2011

Frederick Md Real Estate Market Reports for December 2010 provided by The Highland Group

Statistics have been published by MRIS*.
Here are the highlights for the three zip codes in the City of Frederick:

21701	2010	2009	% Change
Avg. Price	$249,100	$231,800	+7%
Median Price	$223,700	$221,250	+1%
DaysOnMarket	104	107	-3%
# homes sold	47	33	+42%

New Listings:	53
Total Marked Contract:	18
Total Marked Contingent:	12
Total Pending (contract + contingent)	30

The inventory is 278 active listings in the zip code, which represents roughly a 8-9 month absorption rate.  Sellers are getting an average 89% of list price, compared to 92% one year ago. 

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21702	2010	2009	% Change
Avg. Price	$235,100	$215,100	+9%
Median Price	$180,000	$171,500	+5%
DOM	75	81	-7%
# homes sold	33	34	-3%

New Listings:	44
Total Marked Contract:	10
Total Marked Contingent:	13
Total Pending (contract + contingent)	23

There are currently 258 active listings in the zip code, representing roughly a 8-10 month inventory.   Sellers got 91% of list price on average, compared to 91% last year. 
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21703	2010	2009	% Change
Avg. Price	$162,500	$199,800	-19%
Median Price	$150,500	$172,000	-13%
DaysOnMarket	62	115	-46%
# homes sold	28	41	-32%

New Listings:	35
Total Marked Contract:	12
Total Marked Contingent:	18
Total Pending (contract + contingent)	30

This zip code shows 225 active listings, representing roughly a 7-8 month inventory.  Sellers got an average of 93% of list price this month, compared to 90% this time last year.
Notes:  Inventory is shrinking, common for the winter.  Pending sales is still healthy, even with the usual seasonal slowdown. The number of sales as well as the average price was up significantly in the 21701 and 21702, not so much in '03.
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Compare to City of Frederick Real Estate Market Report for November 2010
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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 – Real Estate Teams                     
               Chris & Karen Highland *
Frederick County MD Real Estate Agents
  
                       301-831-9947        
                 Real Estate Teams, LLC
        Chris@highlandrealestategroup.com
            Text Us:  301-401-5119