Frederick County MD Real Estate Market Report for October 2009

Published 11 November 09 11:18 AM | Chris & Karen Highland 

The real estate market reports are out from MRIS* for Frederick County sales in October.  Here are the highlights:

                                                       2009                                      2008

Average Sold Price:                        256,565                                276,620                   -7%
Median Sold Price:                           233,000                                234,500                   -1%

Total Sold:                                            225                                     170                   +32%

Average Days on Market:                      121                                      157                      -23%     

Total Number of New Listings taken for the Month:                375

Total Number of properties marked Contract:                        150

Total Number of properties marked Contingent:                     115

Total of New Pendings (Contracts + Contingents):                 265

                                                                                                                                                        

We're continuing to see of the inventory of homes for sale in Frederick County decrease month after month.  Prices are stabilizing, we've seen multiple offers on sales below $200,000, which make up about 40% of the market.  72% of the sales in Frederick County last month were under $300K, first-time buyer range.  With the current inventory around 1561 (about 1300 residential) we have an absorption rate of about 4 -5 months, a balanced market.

With the extension and expansion of the First-time Homebuyer's Tax Credit, we expect to see a very healthy market continuing into next year.

Compare to Frederick County Real Estate Market Report for September2009

See Montgomery County Real Estate Market Report for October 2009

Coming:  September Market Reports for:
Urbana Real Estate
Walkersville Real Estate
Middletown Real Estate
New Market Real Estate
Mount Airy Real Estate
Frederick City Real Estate
Thurmont Real Estate
Smaller Frederick County Communities - Real estate market reports July 2009
Absorption Rates

To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market.

                      Frederick Real Estate          Frederick Real Estate        
                                                                                                                                                                                                       
                                  The Highland Real Estate Group                      
        Chris & Karen Highland * Frederick County MD Real Estate Agents
               301-831-9947         Real Estate Teams, LLC
                                      isell4u2@msn.com 

* Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data

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Comments

# Frederick County Short Sale Information said on November 12, 2009 11:51 AM:

MRIS has published the real estate sales statistics for Montgomery County for October 2009* County-wide

# Frederick County Short Sale Information said on November 13, 2009 9:43 AM:

Real Estate Market Report for Frederick City, by zip code: 21701 2009 2008 % Change Avg. Price $229,529

# Frederick County Short Sale Information said on November 16, 2009 5:32 PM:

Real estate market statistics for September 2009 for sales activity in Urbana MD have been published.*

# Frederick County Short Sale Information said on November 19, 2009 10:37 AM:

Real estate market statistics for October 2009 for sales activity in Middletown MD have been published.*

# Frederick County Short Sale Information said on November 19, 2009 10:45 AM:

Real estate market statistics for October 2009 for sales activity in Walkersville MD have been published.*

# Frederick County Short Sale Information said on November 21, 2009 11:20 AM:

Mount Airy Real Estate Statistics for October 2009 have been published by MRIS*. Here is the synopsis:

# Frederick County Short Sale Information said on November 21, 2009 11:34 AM:

Real estate market statistics for October 2009 for sales activity in New Market MD have been published.*

# Frederick County Short Sale Information said on December 1, 2009 5:45 PM:

Real estate market statistics for October 2009 for sales activity in Thurmont MD have been published.*

# Frederick County Short Sale Information said on December 13, 2009 5:56 PM:

Frederick County MD Real Estate Market statistics have been published by MRIS* for November 2009, Here

# Frederick County Short Sale Information said on December 18, 2009 12:10 PM:

Frederick County MD Real Estate Market statistics have been published by MRIS* for November 2009, Here

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About Chris & Karen Highland

We’re Chris and Karen Highland, The Highland Real Estate Group. We’ve lived in the Frederick area for over 18 years and are raising our 4 children here. We’ve seen many communities built where there once was farmland. We love the “small-city yet large-town” atmosphere of Frederick, the quality of life, and the affordability we’ve found here. I've been selling real estate in Central Maryland for almost 16 years. Karen has been helping me over the years in different capacities, as an assistant, then as a buyer’s agent. For a year, I managed an office and Karen took over the bulk of the business. It was a great experience for both of us. I managed 90+ agents and saw more contracts come over my desk than the previous 14 years combined! Now I'm back, running the business and Karen is running the office, and blogging and marketing. With each new year comes a different kind of market and new challenges. In this present market, we face many challenges with mortgage problems, distressed properties and the credit crunch. I've gotten a nationally recognized certification , CDPE, Certified Distressed Properties Expert, to equip me to help homeowners in distress. I'll be blogging about a lot of these issues and about all kinds of real estate topics. Karen and I always have something to say! Join us in our online, ongoing conversation about Frederick Real Estate