Middletown Real Estate Market Report for July 2009
Real estate market statistics for July 2009 for sales activity in Middletown MD have been published.* Here is the synopsis:
| Middletown | 2009 | 2008 | % Change |
| Avg. Price | $410,815 | $368,000 | +12% |
| Median Price | $350,000 | $340,000 | +3% |
| DOM (days on market) | 103 | 74 | +39% |
| # homes sold | 13 | 11 | +18% |
| New Listings: | 29 |
| Total Marked Contract: | 5 |
| Total Marked Contingent: | 8 |
| Total Pending (contract + contingent) | 13 |
There are currently 86 homes listed for sale in Middletown. This represents roughly a 7 month absorption rate in Middletown. **(As I look closely at the statistics, I see that 2 of the 13 homes sold were in the $800K to $900K range, skewing the figures higher. This tells me that the increase in average home price and median home price doesn't neccessarily reflect an increase in home prices.)
Compare to Middletown real estate market statistics for June 2009. See Frederick County real estate market statistics for July 2009.
* Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.
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