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Frederick County Real Estate Market Report for July 2011

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Frederick County Real Estate Market Report

Fountain with Bell Tower in Background

Baker Park Fountain

for July 2011 provided by the Highland Group,

Statistics have been published by MRIS*

Here are the highlights:

County-wide 2011 2010 % Change
Avg. Price $261,000 $274,600 -6%
Median Price $235,000 $245,000 -4%
DOM 111 87 +28%
# homes sold 221 220 0%
New Listings: 314
Total Marked Contract: 131
Total Marked Contingent: 139
Total Pending (contract + contingent) 270

 

Note:  There are currently 1240 listings for sale in Frederick County.  That makes roughly a 5-6 month inventory, a balanced market.      13% of sales were cash deals, reflecting mostly investors.   25 to 30% of monthly sales continue to be short sales and foreclosures.

*Other notable sales statistics: Sellers got 92% of list price on average, compared to 92% at this same time last year. We’re seeing the market stabilize.

Compare to Frederick County Real Estate Market Statistics for June 2011

*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 *    301-831-9947
Turning Point Real Estate – 301-831-8232
email us: karen@allthingsfrederick.com
Text Us: 301-401-5119

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