Middletown Real Estate Market Report for November 2008
The sales in Middletown in November, like the rest of Frederick County, slowed down substantially. Most of the homes sold were in the $450K to $499K range, above the average sold price $445K
Middletown Market Report for November 2008:
| | 2008 | 2007 |
|---|
| Total Sold Dollar Volume: | $ 2,674,900 | $ 4,674,584 | - 42.78 % |
| Average Sold Price: | $ 445,817 | $ 519,398 | - 14.17 % |
| Median Sold Price: | $ 460,000 | $ 515,000 | - 10.68 % |
| Total Units Sold: | 6 | 9 | - 33.33 % |
| Average Days on Market: | 132 | 155 | - 14.84 % |
| Average List Price for Solds: | $ 526,433 | $ 573,363 | - 8.19 % |
Avg Sale Price as a
percentage of Avg List Price: | 84.69 % | 90.59 % |
To compare these numbers to last month's Middletown statistics. Middletown is still a move-up market.
Frederick County Market Statistics for the entire county:
| | 2008 | 2007 |
|---|
| Total Sold Dollar Volume: | $ 37,616,718 | $ 51,875,314 | - 27.49 % |
| Average Sold Price: | $ 276,594 | $ 341,285 | - 18.96 % |
| Median Sold Price: | $ 241,250 | $ 299,700 | - 19.50 % |
| Total Units Sold: | 136 | 152 | - 10.53 % |
| Average Days on Market: | 138 | 153 | - 9.80 % |
| Average List Price for Solds: | $ 315,542 | $ 374,652 | - 15.78 % |
Avg Sale Price as a
percentage of Avg List Price: | 87.66 % | 91.09 % |
_________________________________________________________
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 Pictures of Frederick