New Market Real Estate Report for January 2011
New Market Real estate market statistics provided by The Highland Group.
MRIS* has published market statistics for January 2011, Here is the synopsis:
| New Market | 2011 | 2010 | % Change |
| Avg. Price | $287,700 | $340,650 | -16% |
| Median Price | $280,000 | $340,000 | -18% |
| DOM | 67
| 50
| +34% |
| # homes sold | 11 | 14
| -21% |
| New Listings: | 13
|
| Total Marked Contract: | 5
|
| Total Marked Contingent: | 2
|
| Total Pending (contract + contingent) | 7
|
There
are currently 73 homes listed for sale in New Market. This represents
roughly a 8-10 month absorption rate. Sellers got, on
average, 90% of list price, compared to 94% last year at this time.
Compare to New Market real estate market report for December 2010.
See Frederick County Real Estate Market Report for January 2011.
* Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2010 - Information deemed reliable, but is not guaranteed
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_________________________________________________________
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