| 21701 |
2011 |
2010 |
% Change |
| Avg. Price |
$229,400 |
$207,200 |
+10% |
| Median Price |
$205,500 |
$200,000 |
+3% |
| DaysOnMarket |
140 |
100 |
+40% |
| # homes sold |
36 |
48 |
-25% |
| New Listings: |
66 |
| Total Marked Contract: |
41 |
| Total Marked Contingent: |
25 |
| Total Pending (contract + contingent) |
66 |
The inventory is 224 active listings in the zip code, which
represents roughly a 4-5 month absorption rate. Sellers are getting an
average 93% of list price, compared to 93% one year ago. 22% of sales
last month were cash deals. (The normal number is 7-9%)
* * * * *
| 21702 |
2011 |
2010 |
% Change |
| Avg. Price |
$226,800 |
$225,400 |
+1% |
| Median Price |
$205,000 |
$208,000 |
-1% |
| DOM |
111 |
86 |
+29% |
| # homes sold |
37 |
57 |
-35% |
| New Listings: |
78 |
| Total Marked Contract: |
30 |
| Total Marked Contingent: |
33 |
| Total Pending (contract + contingent) |
63 |
There are currently 211 active listings in the zip code, representing
roughly a 5-6 month inventory. Sellers got 91% of list price on
average, compared to 92% last year. 22% of sales last month were cash
deals.
* * * * * *
| 21703 |
2011 |
2010 |
% Change |
| Avg. Price |
$168,400 |
$209,100 |
-19% |
| Median Price |
$155,000 |
$196,000 |
-21% |
| DOM |
101 |
100 |
+1% |
| # homes sold |
31 |
48 |
-35% |
| New Listings: |
62 |
| Total Marked Contract: |
29 |
| Total Marked Contingent: |
42 |
| Total Pending (contract + contingent) |
114 |
This zip code shows 151 active listings, representing roughly a 4-6
month inventory. Sellers got an average of 88% of list price this
month, compared to 92% this time last year. 16% of sales were cash
deals.
* * * * * *
Notes: The inventory has been decreasing,
attributing to a low absorption rate. Pending numbers are up even
higher this month. Cash buyers are a still a significant part of the
sales. Foreclosures and short sales are making up about 20 to 25% of
the monthly sales.
Compare to Frederick City Real Estate Market Report for February 2011
– County-wide statistics: Frederick County Real Estate Market Report for March 2011
*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.
_________________________________________________________
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