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
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