Monday, October 17, 2011

Frederick County Real Estate Market Report

for September 2011 provided by the Highland Group,

Statistics have been published by MRIS*

Here are the highlights:

County-wide	2011	2010	% Change
Avg. Price	$253,300	$253,100	0%
Median Price	$232,000	$226,950	+2%
DOM	111	95	+17%
# homes sold	195	208	-6%

New Listings:	274
Total Marked Contract:	88
Total Marked Contingent:	142
Total Pending (contract + contingent)	230

Note:  There are currently 1197 listings for sale in Frederick County.  That makes roughly a 5-6 month inventory, a balanced market.      14% of sales were cash deals, reflecting mostly investors.   25 to 30% of monthly sales continue to be short sales and foreclosures.
*Other notable sales statistics: Sellers got 91% of list price on average, compared to 92% at this same time last year. We’re seeing the market stabilize.
*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.
Compare to previous Frederick County Real Estate market reports.

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The Highland Group
Chris & Karen Highland *    301-831-9947
Turning Point Real Estate – 301-831-8232
email us: chris@allthingsfrederick.com
Text Us: 301-401-5119