RSS Blog FeedFrederick County MD Real Estate Market Report for July 2009
Aug. 20, 2009Frederick County real estate market statistics for July 2009: MRIS has published the real estate sales statistics for Frederick County for June 2009*
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $261,922 | $327,2350 | -20% |
| Median Price | $234,000 | $295,000 | -21% |
| DOM | 116 | 123 | -6% |
| # homes sold | 261 | 187 | +40% |
| New Listings: | 440 |
| Total Marked Contract: | 170 |
| Total Marked Contingent: | 135 |
| Total Pending (contract + contingent) | 305 |
Note: There are currently 1700 homes listed for sale in Frederick County, that makes roughly a 6-7 month inventory, very close to a balanced market. There are 305 pending sales, close to last month’s number. Prices are still falling, but at a lower rate, days on market are still decreasing. The number of homes sold has increased by 40% over last year.
*Other notable sales statistics: For the first time in many years, we’re seeing sales under $100,000…10 to be exact, most likely foreclosures. 78% of the 261 sales were under $300,000, reflecting the surge in first-time buyers and investors getting deals in the present market.
Compare to Frederick County Real Estate Market Report for June 2009
See Frederick City Real Estate Market Report for July 2009, Real Estate Market Report for Frederick Communities - July 2009
*All statistics are gathered from the MRIS, Metropolitan Regional Information System, and while accurate, are not guaranteed.
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