Frederick County Real Estate Market Report for March 2011
Frederick County Real Estate Market Statistics provided by the Highland Group,
Statistics have been published by MRIS* for March 201
Here are the highlights:
| County-wide | 2011 | 2010 | % Change |
| Avg. Price | $238,300 | $258,900 | +4% |
| Median Price | $241,200 | $225,000 | +7% |
| DOM | 135
| 107 | +26% |
| # homes sold | 202 | 251 | -20% |
| New Listings: | 432
|
| Total Marked Contract: | 186
|
| Total Marked Contingent: | 170
|
| Total Pending (contract + contingent) | 356
|
Note:
There are currently 1194 listings for sale in Frederick County. That
makes roughly a 4-5 month inventory. 17%
of sales were cash deals, reflecting mostly investors. The
inventory is still shrinking, causing a lower absorption rate. 25
to 30% of sales continue to be short sales and foreclosures. Almost 20% of the inventory is short sales and foreclosures.
*Other notable sales statistics: Sellers
got 92% of list price on average, compared to 94% at this same time
last year. We're seeing the market stabilize. The number of signed contracts, or pending sales, is very high at 356.
COMPARE to: Frederick County Real Estate Market Report for February 2010
Coming:
Frederick City Real Estate Report for March 2011
Middletown Real Estate Report
Urbana Real Estate Report
Walkersville Real Estate Report
Mount Airy Real Estate Report
New Market Real Estate Report
Thurmont Real Estate Report
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