Frederick County Real Estate Market Report
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.
___________________________________________________________
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
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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