Frederick City Real Estate Market Report for August 2009
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 | $249,630 | $294,167 | -15% |
| Median Price | $210,000 | $570,500 | -18% |
| DOM | 123 | 163 | -25% |
| # homes sold | 45 | 32 | +41% |
| New Listings: | 67 |
| Total Marked Contract: | 35 |
| Total Marked Contingent: | 22 |
| Total Pending (contract + contingent) | 57 |
There are 283 active listings in the zip code, which represents roughly a 6 month inventory, or absorption rate.
| 21702 | 2009 | 2008 | % Change |
| Avg. Price | $208,100 | $260,000 | -20% |
| Median Price | $181,750 | $240,000 | -25% |
| DOM | 110 | 99 | +11% |
| # homes sold | 46 | 40 | +15% |
| New Listings: | 64 |
| Total Marked Contract: | 28 |
| Total Marked Contingent: | 29 |
| Total Pending (contract + contingent) | 57 |
There are currently 250 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 | $217,100 | $236,400 | -8% |
| Median Price | $200,000 | $220,000 | -9% |
| DOM | 125 | 129 | -3% |
| # homes sold | 47 | 29 | +62% |
| New Listings: | 89 |
| Total Marked Contract: | 36 |
| Total Marked Contingent: | 23 |
| Total Pending (contract + contingent) | 59 |
The 21703 zip code shows 279 active listings, representing roughly a 5 month inventory.
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.
*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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