Frederick City MD Real Estate Market Report for December 2009
December 2009 Real Estate Market Report for Frederick City, by zip code:
| 21701 | 2009 | 2008 | % Change |
| Avg. Price | $231,817 | $275,319 | -16% |
| Median Price | $221,250 | $262,500 | -16% |
| DaysOnMarket | 107 | 123 | -13% |
| # homes sold | 33 | 32 | +3% |
| New Listings: | 49 |
| Total Marked Contract: | 23 |
| Total Marked Contingent: | 18 |
| Total Pending (contract + contingent) | 41 |
There are 2657active listings in the zip code, which represents roughly a 6-7 month inventory, or absorption rate. 82% of the homes sold were under $300,000. Sellers are getting an average 92% of list price, compared to 86% one year ago.
| 21702 | 2009 | 2008 | % Change |
| Avg. Price | $215,119 | $248,084 | -13% |
| Median Price | $171,500 | $197,000 | -13% |
| DOM | 81 | 136 | -40% |
| # homes sold | 34 | 37 | -8% |
| New Listings: | 39 |
| Total Marked Contract: | 17 |
| Total Marked Contingent: | 19 |
| Total Pending (contract + contingent) | 36 |
There are currently 223 active listings in the zip code, representing roughly a 6 month inventory. 73% of homes sold were under $300,000, first-time buyer range. 50% of the homes sold in under 30 days.
| 21703 | 2009 | 2008 | % Change |
| Avg. Price | $199,841 | $203,858 | -2% |
| Median Price | $172,000 | $199,750 | -14% |
| DOM | 115 | 141 | -18% |
| # homes sold | 41 | 20 | +105% |
| New Listings: | 42 |
| Total Marked Contract: | 18 |
| Total Marked Contingent: | 12 |
| Total Pending (contract + contingent) | 30 |
The 21703 zip code shows 250 active listings, representing roughly a 6-7 month inventory. 88% of the dales were under $300,000.
Overall, we’re seeing that inventory is shrinking month after month, sales are up. We're seeing mulitple offers on homes in the lower price ranges. With the extention and expansion of the first-time home-buyers tax credit, we expect a robust market through next year.
*All Statistics gathered from MRIS, Metropolitan Regional Information System. Though deemed accurate, not guaranteed.
Compare to Frederick City Real Estate Market Report for November 2009.
County-wide statistics: Frederick County Real Estate Market Report for December 2009
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