Frederick County MD Real Estate Market Report for November 2009
Frederick County MD Real Estate Market statistics have been published by MRIS* for November 2009, Here is a synopsis:
2009 2008
Average Sold Price: 259,688 276,594 -6%
Median Sold Price: 234,450 241,250 -3%
Total Sold: 216 136 +59%
Average Days on Market: 104 138 -25%
Total Number of New Listings taken for the Month: 285
Total Number of properties marked Contract: 115
Total Number of properties marked Contingent: 95
Total of New Pendings (Contracts + Contingents): 210
We're continuing to see of the inventory of homes for sale in Frederick County decrease month after month. Prices are stabilizing, hovering at about 5 - 7% below prices last year. 75% of the sales in Frederick County last month were under $300K, first-time buyer range. With the current inventory around 1500 (less than 1300 residential) we have an absorption rate of about 4 -5 months, a balanced market. With just under half of the sales taking place in under 30 days, the market is showing signs of competition and health. 210 Pending sales is a very healthy number for this time of year.
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 October 2009
See Montgomery County Real Estate Market Report for November 2009
Coming: November 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
To see homes on the market, use our free MLS search, or contact us for information about the Frederick Real Estate Market.
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* Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data