City of Frederick Real Estate Statistics October 2013
City of Frederick Real Estate October 2013

provided by The Highland Group. City of Frederick real estate Statistics October 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   $269,700   $244,100      +10%
Median Price   $240,000   $225,000      +7%
DaysOnMarket        45        89      -49%
# homes sold        59        38      +55%
New Listings:  73
Total New Pending (contract + contingent)  55

The inventory is 179 active listings in the zip code, which represents roughly a 3-4 month inventory. There are 112 homes under contract total. Sellers are getting an average 98% of list price, compared to 93% one year ago.

*    *    *

21702  2013  2012  % Change
Avg. Price  $252,100  $254,600     -1%
Median Price  $228,500  $205,000     +11%
DaysOnMarket     37    57     -35%
# homes sold     36    31     +16%
New Listings:  75
Total Pending (contract + contingent)  48

There are currently 152 active listings in the zip code, compared to 69 at this time last year, representing roughly a 3-4 month inventory. There are 89 homes under contract total.  Sellers got 96% of list price on average, compared to 95% last year. Inventory is picking up, demand is leveling off (Holidays), and prices are up.

*    *    *

21703   2013   2012  % Change
Avg. Price   $241,100   $231,200        +4%
Median Price   $205,000   $190,000       +8%
DOM     39    68       -43%
# homes sold     37    35       +6%
New Listings 55
Total Pending (contract + contingent) 14

This zip code shows 89 active listings, representing roughly a 2-3 month inventory. There are currently 93 homes under contract total. Sellers got an average of 97% of list price this month, compared to 94% this time last year.

Notes:  The inventory is rising, 989 county-wide. (compared to 766 at this time last year) We’re seeing the usual slow-down in sales during the Holidays.

Compare to City of Frederick Real Estate Market Reports

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

___________________________________________________________

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