Real estate market reports are out for June 2009*. The city of Frederick had a month of mixed sales results:
Real Estate Market Report for Frederick City, by zip code.
| 21701 | 2009 | 2008 | % Change |
| Avg. Price | $243,500 | $308,000 | -21% |
| Median Price | $225,000 | $260,000 | -13% |
| DOM | 136 | 147 | -7% |
| # homes sold | 41 | 41 | +0% |
| New Listings: | 66 |
| Total Marked Contract: | 34 |
| Total Marked Contingent: | 24 |
| Total Pending (contract + contingent) | 58 |
There are 324 active listings in the zip code, which represents roughly a 7 month inventory, or absorption rate. (down from 9 months)
| 21702 | 2009 | 2008 | % Change |
| Avg. Price | $242,800 | $278,860 | -13% |
| Median Price | $223,500 | $247,000 | -9.5% |
| DOM | 102 | 127 | -20% |
| # homes sold | 46 | 30 | +21% |
| New Listings: | 64 |
| Total Marked Contract: | 37 |
| Total Marked Contingent: | 24 |
| Total Pending (contract + contingent) | 61 |
There are currently 237 active listings in the zip code, representing roughly a 5 month inventory. (remember, 6 months is a balanced market, favoring neither buyers nor sellers.)
| 21703 | 2009 | 2008 | % Change |
| Avg. Price | $216,000 | $248,500 | -13% |
| Median Price | $185,500 | $232,500 | -20% |
| DOM | 67 | 110 | -39% |
| # homes sold | 26 | 44 | -41% |
| New Listings: | 75 |
| Total Marked Contract: | 31 |
| Total Marked Contingent: | 38 |
| Total Pending (contract + contingent) | 69 |
The 21703 zip code shows 287 active listings, representing roughly a 6 month inventory, a balanced market.
Overall, we’re seeing that inventory is shrinking, sales are up, and prices are declining at a slower pace and we’re experiencing a balanced market, even a slight seller’s market in zip code 21702.
*All Statistics gathered from MRIS, Metropolitan Regional Information System. Though deemed accurate, not guaranteed.
Couny-wide statistics: Frederick County Real Estate Market Report for June 2009
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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
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