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Frederick County Real Estate Market Report for August 2009

Oct. 7, 2009

Frederick County real estate market statistics for August 2009:  MRIS has published the real estate sales statistics for Frederick County for August 2009*

 

County-wide     2009     2008 % Change
Avg. Price   $265,310  $298,973     -11%
Median Price   $233,000   $265,000      -12%
DOM       119       144       -17%
# homes sold       245       201     +22%
New Listings:    372
Total Marked Contract:    180
Total Marked Contingent:    132
Total Pending (contract + contingent)    312

Note:  There are currently 1626 homes listed for sale in Frederick County, down from 1700 last month. that makes roughly a 6 month inventory, a balanced market.  There are 312 pending sales, close to last month’s number.  Prices are 11% less than this time last year, continuing to level off.  Days on market (DOM) are still decreasing.  The number of homes sold has increased by 22% over last year. 

*Other notable sales statistics:   78% of the 245 sales were under $300,000, still reflecting the surge in first-time buyers and investors getting deals in the present market.

Compare to Frederick County Real Estate Market Report for July 2009 

Comimg: Frederick City Real Estate Market Report for August 2009, Real Estate Market Report for Frederick Communities - August 2009

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