Frederick County Real Estate Market Statistics for October 2008 : Fredericktowne Realty News

Frederick County Real Estate Market Statistics for October 2008

Nov. 20, 2008

County-wide Frederick Real Estate market statistics for the month of October showed some changes from the statistics in September. It seems the burst of activity marked the end of the summer, but didn't continue into the fall.

2008 2007 Change

Total Sold $ Volume:          $47,025,319              $61,490,517             -23.5%
Average Sold Price:                    276,620                       328,826            -16%
Median Sold Price:                     234,500                        287,000            -18%
Total Units Sold:                                170                              187                  -9%
Avg. Days on Market:                        157                              133                +18%
Avg. Sale Price as % of List Price:        89%                       91%
Total Number of New listings:                             393
Total Number of New Pending sales:               175

Some Financing Stats: 32% of the 170 sales this month were FHA, 11% were cash, 40% were conventional, 6% were VA and 7% were Assumptions, (we haven't seen many assumptions in the last 5 to7 years, now they are becoming more neccessary.)

Check out Brunswick and Jefferson Market Statistics, Middletown and Myersville Market Statistics, Adamstown and Urbana Market Statistics, Walkersville Market Statistics, New Market Market Statistics and Mount Airy Market Statistics.