Frederick County Real Estate Market Report for April 2011
Frederick County Real Estate Market Report
for April 2011 provided by the Highland Group,
Statistics have been published by MRIS*
Here are the highlights:
| County-wide |
2011 |
2010 |
% Change |
| Avg. Price |
$239,500 |
$250,800 |
-4% |
| Median Price |
$210,000 |
$225,000 |
-7% |
| DOM |
125 |
94 |
+33% |
| # homes sold |
215 |
274 |
-22% |
| New Listings: |
450 |
| Total Marked Contract: |
133 |
| Total Marked Contingent: |
165 |
| Total Pending (contract + contingent) |
298 |
There are currently 1276 listings for sale in Frederick County. That
makes roughly a 5-6 month inventory, a balanced market. 16%
of sales were cash deals, reflecting mostly investors. 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 91% of list price on average, compared to 95% at this same time
last year. We're seeing the market stabilize. We're seeing the that the time from contract to closing has increased on average, due to the number of short sales, which take from 60 to 90 days or longer.
*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.
COMPARE to: Frederick County Real Estate Market Report for March 2010
Coming:
Frederick City Real Estate Report for April 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