Frederick County, MD Real Estate Market Statistics, July, 2012
Home buyers and home sellers want to know about the current market conditions as they make their purchase and sale decisions. The monthly Real Estate Market Statistics are published on the 10th of the following month by RBI, RealEstate Business Intelligence.
During July, 2012, The total sold dollar volume in Frederick County, Maryland was $57,429,116 with a total of 216 closed transactions. The median sales price for July was $251,375, up 6.97% from the same month last year. The average sold price of $265,876 was up 1.86% from last year. With an average of 68 days on the mart, the average sold to original list price ratio was 95.35%.
Currently, there are 853 active listings of homes for sale in Frederick County, including 33 lender owned foreclosures. Home buyers have the opportunity to take advantage of the very affordable prices during a period of very low mortgage interest rates.
All prospective purchasers that plan to use financing should have a pre-approval letter from their lender. Prospects without pre-approval documentation will not be taken seriously by home sellers and their listing agents. We are always happy to recommend local loan officers that provide excellent service.
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