City of Frederick Real Estate Statistics August 2013

City of Frederick Real Estate July 2013

provided by The Highland Group. City of Frederick real estate Statistics August 2013 have been published by MRIS*.

Here are the highlights for the three zip codes in the City of Frederick:

21701    2013     2012  % Change
Avg. Price   $286,000   $251,7200      +14%
Median Price   $270,000   $227,000      +19%
DaysOnMarket        46        114      -60%
# homes sold        55        47      +17%
New Listings:  89
Total New Pending (contract + contingent)  59

The inventory is 161 active listings in the zip code, which represents roughly a 2-3 month inventory. There are 130 homes under contract total. Sellers are getting an average 98% of list price, compared to 92% one year ago, on average.

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21702  2013  2012  % Change
Avg. Price  $251,800  $218,350    +15%
Median Price  $220,000  $202,500    +9%
DaysOnMarket     38    76     -50%
# homes sold     49    34     +44%
New Listings:  57
Total Pending (contract + contingent)  48

There are currently 138 active listings in the zip code, compared to 85 at this time last year, representing roughly a 2-3 month inventory. There are 86 homes under contract total.  Sellers got 94% of list price on average, compared to 95% last year. Inventory is picking up slightly, although still lower than average, demand is up, and prices are up.

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21703   2013   2012  % Change
Avg. Price   $235,800   $226,300       +4%
Median Price   $218,550   $187,750       +16%
DOM     37    64       -42%
# homes sold     44    34       +29%
New Listings: 46
New Pending (contract + contingent) 43

This zip code shows 81 active listings, representing roughly a 2-3 month inventory. There are currently 100 homes under contract total. Sellers got an average of 98% of list price this month, compared to 95% this time last year.

Notes:  The inventory is still low right now, 937 county-wide.

Although the number of short sale listings are steadily decreasing. They are still an influence on appraisals.

Compare to City of Frederick Real Estate Market Reports

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

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The Highland Group
Chris & Karen Highland *    * * *
Turning Point Real Estate – 301-831-8232
email us: christopherlhighland@gmail.com
Text Us: 301-401-5119