City of Frederick Real Estate November 2013

provided by The Highland Group. City of Frederick real estate Statistics November 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   $250,400   $218,700      +15%
Median Price   $237,000   $200,000      +19%
DaysOnMarket        54        80      -33%
# homes sold        41        47      -13%
New Listings:  52
Total New Pending (contract + contingent)  53

The inventory is 152 active listings in the zip code, which represents roughly a 3-4 month inventory. There are 118 homes under contract total. Sellers are getting an average 96% of list price, compared to 94% one year ago.

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21702  2013  2012  % Change
Avg. Price  $253,700  $267,700     -5%
Median Price  $232,950  $223,700     +4%
DaysOnMarket     47    87     -46%
# homes sold     38    33     +15%
New Listings:  43
Total Pending (contract + contingent)  47

There are currently 133 active listings in the zip code, compared to 54 at this time last year, representing roughly a 3-4 month inventory. There are 91 homes under contract total.  Sellers got 95% of list price on average, compared to 95% last year. Inventory is picking up, demand is leveling off (Holidays), and prices are up.

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21703   2013   2012  % Change
Avg. Price   $225,100   $203,800        +10%
Median Price   $195,000   $182,000       +7%
DOM     35    39       -10%
# homes sold     35    31       +13%
New Listings 41
Total Pending (contract + contingent) 43

This zip code shows 82 active listings, representing roughly a 2-3 month inventory. There are currently 88 homes under contract total. Sellers got an average of 98% of list price this month, compared to 93% this time last year.

Notes:  The inventory is rising, 862 county-wide. (compared to 714 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.

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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