Frederick County Real Estate Statistics ~ July 2011

Tuesday, August 16, 2011

Frederick County Real Estate Market Report

Baker Park Fountain

for July 2011 provided by the Highland Group,

Statistics have been published by MRIS*

Here are the highlights:

County-wide	2011	2010	% Change
Avg. Price	$261,000	$274,600	-6%
Median Price	$235,000	$245,000	-4%
DOM	111	87	+28%
# homes sold	221	220	0%

New Listings:	314
Total Marked Contract:	131
Total Marked Contingent:	139
Total Pending (contract + contingent)	270

Note:  There are currently 1240 listings for sale in Frederick County.  That makes roughly a 5-6 month inventory, a balanced market.      13% 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 92% of list price on average, compared to 92% at this same time last year. We’re seeing the market stabilize.
Compare to Frederick County Real Estate Market Statistics for June 2011
*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

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