Frederick Maryland Real Estate Housing Report - August 2007

Here is a snapshot of the current Frederick MD Real Estate housing market.

As of the 8/13/07 there are 1338 current residential active listings in Frederick. Currently 195 homes are under contract which equates to 12.7% of the total currently listed homes.

In all of Frederick County Maryland there are currently 2293 residential active listings and 322 under contract.

The breakdown of the price ranges looks as follows:

• $200K and under- 70 Homes  
• $200+ - 300K - 476
• $300+ - 400K- 316
• $400+ - 500K- 212
• $500+ - 600K- 124
• $600+ - 700K- 64
• $700+ - 800K- 31
• $800+ - 900K - 17
• $900+ - 1 Million -11
• $1 Million+ - 17

Of the 1338 active listings, 140 have been on the market 180+ days and 381 total at 90-179 days.

Here is the breakdown of sold homes in June and July of the last 4 years:

                       2007   2006   2005    2004

• July         147      203     282       300
• June        170     256     369        341

As shown from sales over the past 4 years, 2007 is below that of the previous 3 years and about half of what sold during the peak market of 2005.

Will the fall bring more buyers? To sell in this market your home needs to be priced correctly, show very well, and receive the proper exposure.

Other local market reports:

http://activerain.com/blogsview/74226/Middletown-Maryland-Housing-Market

http://activerain.com/blogsview/76944/Myersville-Maryland-Real-Estate

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* Data obtained from the MLS - Metropolitan Regional Information System (MRIS).