| 21701 | 2011 | 2010 | % Change |
| Avg. Price | $209,000 | $265,100 | -21%
|
| Median Price | $185,000 | $242,500 | -21% |
| DaysOnMarket | 85
| 61
| +39% |
| # homes sold | 31
| 34
| -9% |
| New Listings: | 64
|
| Total Marked Contract: | 22
|
| Total Marked Contingent: | 22
|
| Total Pending (contract + contingent) | 44
|
The
inventory is 230 active listings in the zip code, which represents
roughly a 5-6 month absorption rate. Sellers are getting an average 92%
of list price, compared to 94% one year ago. 23% of sales last month were cash deals, higher than the usual 5-7%.
* * * * *
| 21702 | 2011 | 2010 | % Change |
| Avg. Price | $207,600 | $196,500 | +5% |
| Median Price | $180,000 | $189,000 | -5% |
| DOM | 99
| 89
| +11% |
| # homes sold | 36
| 27
| +33% |
| New Listings: | 52
|
| Total Marked Contract: | 26
|
| Total Marked Contingent: | 18
|
| Total Pending (contract + contingent) | 44
|
There
are currently 198 active listings in the zip code, representing roughly
a 5-6 month inventory. Sellers got 90% of list price on average,
compared to 89% last year. 36% of sales last month were cash deals.
* * * * * *
| 21703 | 2011 | 2010 | % Change |
| Avg. Price | $181,300 | $192,100 | -6% |
| Median Price | $160,500 | $174,000 | -8% |
| DaysOnMarket | 103
| 72
| +43% |
| # homes sold | 20 | 31
| -35% |
| New Listings: | 47
|
| Total Marked Contract: | 16
|
| Total Marked Contingent: | 26
|
| Total Pending (contract + contingent) | 43
|
This
zip code shows 166 active listings, representing roughly a 4-6 month
inventory. Sellers got an average of 91% of list price this
month, compared to 93% this time last year. 23% of sales last month were cash deals.
Notes: The inventory continues to decrease, bringing a lower absorption rate. Pending sales are up and cash buyers are a significant portion of the monthly sales.
* * * * * *
Compare to City of Frederick Real Estate Market Report for January 2011
See all Frederick County Monthly real estate market statistics
______________________________________________________________
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