Year-End Frederick County Real Estate Market Statistics

It’s that time of month again…time for Frederick Real Estate Market Statistics.  I’ve got an extra treat, statistics for the entire year! 

          Real Estate Statistics for Frederick County:
                                                                2008         2007         % Change
          Number homes sold:                 145          160                -9%
          Average sold price:               $276,595   326,373            -15%
          Median sold price:                   239,900   282,838           -15%
          Average days on market            137          145                -6%
          Sold price as % of List price:       86%         90%

*The present absorption rate is 11.5 months, up from 9 or 10 in the Fall. 

 Frederick County Real Estate Statistics Year in Review:

          January                                         2008               2007         % Change
        Average Sold Price:                  341,453       365,151             -6%
        Median Sold Price:                    295,000       322,500            -9%
          February
        Average Sold Price:                  338,888       343,392             -1%
        Median Sold Price:                    295,000       305,000             -3%
          March
        Average Sold Price:                  323,628       340,773             -5%
        Median Sold Price:                    290,000       307,500             -6%
          April
        Average Sold Price:                  322,660       375,549            -14%
        Median Sold Price:                    289,900       309,950             -6%
          May
        Average Sold Price:                  325,104        349,718             -7%
        Median Sold Price:                   286,000         323,950           -12%
          June
        Average Sold Price:                  310,917        345,473           -10%
        Median Sold Price                     272,500        309,450           -12%
          July
        Average Sold Price:                  327,235        366,884            -11%
        Median Sold Price:                   295,000         316,250             -7%
          August
        Average Sold Price:                  298,973        359,949            -17%
        Median Sold Price:                    265,000        315,000            -16%
          September
        Average Sold Price:                  290,129         340,478           -15%
        Median Sold Price:                   262,000         295,500            -11%
          October
        Average Sold Price:                 276,620         328,826            -16%
        Median Sold Price:                   234,500         287,000            -18%
          November
        Average Sold Price:                  263,156         314,510            -16%
        Median Sold Price:                    231,000         273,300            -14%
          December
        Average Sold Price:                 276,595          326,373            -15%
        Median Sold Price:                   239,900          282,838            -15%

And for the Visual People:

*Commentary:  There’s not really much to say when you look at this graph.  Except… the curve of the line around November looks like a bottom to me.  I don’t know if its The Bottom, but it could be.  Let me know what you think by leaving me a comment, I’d love to hear from you!

                   
                  The Highland Real Estate Group                      
  Chris & Karen Highland * Frederick County MD Real Estate Agents
                    Specializing in Frederick County Real Estate 
                                       301-831-9947
                                  Real Estate Teams, LLC
                                      isell4u2@msn.com 
                                    Pictures of Frederick