| 21701 | 2010 | 2009 | % Change |
| Avg. Price | $249,100 | $231,800 | +7%
|
| Median Price | $223,700 | $221,250 | +1% |
| DaysOnMarket | 104
| 107
| -3% |
| # homes sold | 47
| 33
| +42% |
| New Listings: | 53
|
| Total Marked Contract: | 18 |
| Total Marked Contingent: | 12
|
| Total Pending (contract + contingent) | 30
|
The
inventory is 278 active listings in the zip code, which represents
roughly a 8-9 month absorption rate. Sellers are getting an average 89%
of list price, compared to 92% one year ago.
* * * * *
| 21702 | 2010 | 2009 | % Change |
| Avg. Price | $235,100 | $215,100 | +9% |
| Median Price | $180,000 | $171,500 | +5% |
| DOM | 75
| 81
| -7% |
| # homes sold | 33
| 34 | -3% |
| New Listings: | 44
|
| Total Marked Contract: | 10
|
| Total Marked Contingent: | 13
|
| Total Pending (contract + contingent) | 23
|
There
are currently 258 active listings in the zip code, representing roughly
a 8-10 month inventory. Sellers got 91% of list price on average,
compared to 91% last year.
* * * * * *
| 21703 | 2010 | 2009 | % Change |
| Avg. Price | $162,500 | $199,800 | -19% |
| Median Price | $150,500 | $172,000 | -13% |
| DaysOnMarket | 62
| 115
| -46% |
| # homes sold | 28 | 41
| -32% |
| New Listings: | 35 |
| Total Marked Contract: | 12
|
| Total Marked Contingent: | 18
|
| Total Pending (contract + contingent) | 30
|
This
zip code shows 225 active listings, representing roughly a 7-8 month
inventory. Sellers got an average of 93% of list price this
month, compared to 90% this time last year.
Notes: Inventory is
shrinking, common for the winter. Pending sales is still healthy,
even with the usual seasonal slowdown. The number of sales as well as the average price was up significantly in the 21701 and 21702, not so much in '03.
* * * * * *
Compare to City of Frederick Real Estate Market Report for November 2010
______________________________________________________________
To see homes on the market, use our free MLS search, or contact us
for information about the Frederick Real Estate Market or the
Montgomery County Real Estate
Market.
_________________________________________________________
The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate – 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119