Frederick County Real Estate Market Statistics: April 2011

Monday, May 16, 2011

Frederick County Real Estate Market Report

for April 2011 provided by the Highland Group,

Statistics have been published by MRIS*

Here are the highlights:

County-wide	2011	2010	% Change
Avg. Price	$239,500	$250,800	-4%
Median Price	$210,000	$225,000	-7%
DOM	125	94	+33%
# homes sold	215	274	-22%

New Listings:	450
Total Marked Contract:	133
Total Marked Contingent:	165
Total Pending (contract + contingent)	298

 There are currently 1276 listings for sale in Frederick County.  That makes roughly a 5-6 month inventory, a balanced market.      16% of sales were cash deals, reflecting mostly investors.   25 to 30% of sales continue to be short sales and foreclosures.  Almost 20% of the inventory is short sales and foreclosures.

*Other notable sales statistics:      Sellers got 91% of list price on average, compared to 95% at this same time last year. We're seeing the market stabilize.  We're seeing the that the time from contract to closing has increased on average, due to the number of short sales, which take from 60 to 90 days or longer.
*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.



COMPARE to:  Frederick County Real Estate Market Report for March 2010 

Coming: 
Frederick City Real Estate Report for April 2011
Middletown Real Estate Report
Urbana Real Estate Report
Walkersville Real Estate Report
Mount Airy Real Estate Report
New Market Real Estate Report
Thurmont Real Estate Report

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
                                  isell4u2@msn.com
                             Text Us:  301-401-5119