Frederick County MD Real Estate Statistics ~ August 2011

Monday, October 3, 2011

Frederick County Real Estate Statistics provided by The Highland Group

The Frederick Summer real estate market has come to an end. Here is a snapshot of real estate sales in Frederick County for August:

County-wide	2011	2010	% Change
Avg. Price	$266,800	$267,900	-0% ~
M-Over-Month	$266,800	$261,000	+2%  ↑
Median Price	$233,000	$237,900	-2% ↓
M-Over-Month	$233,000	$235,000	-1% ~
DOM	98	93	+5% ↑
# homes sold	227	227	~
M-Over-Month	227	221	+3% ↑
Total Listings	1244	1734	-28% ↓
Inventory	5-6 mos.	8-9 mos.	↓
Pending Sales	261	221	↑
Sale Price as % of List Price	93%	93%	~

What’s Notable:  

• Cash deals were 14% of the sales last month and continue to be higher than a normal market (7-9%) This is reflective of more investors in the market, and makes me ask, what do they believe about real estate prices?

• The inventory is shrinking, which is usual for this time of year, but has been decreasing throughout the entire year. Normal market forces of supply and demand will contribute to a more stable market.

• Month-over-month prices are increasing, albeit slightly, even though they are down from last year at the same time.  More evidence of stabilization.

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The Highland Group

Chris & Karen Highland *    301-831-9947
Turning Point Real Estate – 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119