New Market MD Real Estate Market Report for January 2010
Real estate market statistics for January 2010 for sales activity in New Market MD have been published.* Here is the synopsis:
| New Market | 2010 | 2009 | % Change |
| Avg. Price | $343,900 | $321,000 | +7% |
| Median Price | $365,000 | $870,000 | +30% |
| DOM | 79 | 119 | -34% |
| # homes sold | 12 | 5 | +140% |
| New Listings: | 26 |
| Total Marked Contract: | 18 |
| Total Marked Contingent: | 3 |
| Total Pending (contract + contingent) | 12 |
There are currently 62 homes listed for sale in New Market, continuing to come down month after month. This represents roughly a 6-7 month absorption rate in New Market. Sellers got, on average, 94% of list price in January. We've seen an increase in average and median prices for the second month in a row.
Compare to New Market real estate market report for December 2009. See Frederick County Real Estate Market Report for January 2010.
* Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed
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