Real Estate Market Statistics have been published by MRIS, Metropolitan Regional Information Systems.* Frederick County continues to see an increase in sales, as investors and first-time buyers take advantage of the low interest rates and the bargain prices.
| County-wide | 2009 | 2008 | % Change |
| Avg. Price | $278,312 | $310,900 | -11% |
| Median Price | $260,000 | $272,500 | -5% |
| DOM | 116 | 131 | -11% |
| # homes sold | 237 | 198 | +20% |
| New Listings: | 390 |
| Total Marked Contract: | 175 |
| Total Marked Contingent: | 144 |
| Total Pending (contract + contingent) | 319 |
The number of sales has increased, and the inventory, down to 1739, has decreased, creating a 7 to 9 month inventory in most Frederick Communities. Urbana and Walkersville are experiencing a seller's market with a 5-month and 3.5 month inventory, respectively.
The pending sales are the highest we've seen since August 2006, promising a robust market to continue. Most months the sales are about half foreclosures, and about 300 homes go into foreclosure status each month in Frederick County, according to Realtytrac.com. Per capita, Frederick County has the 2nd highest foreclosure rate in Maryland, with Prince George's County being the highest by a wide margin.
*All information is deemed accurate, but not guaranteed.
My husband,Chris,and I have been selling real estate in Frederick Co. for almost 17 yrs. We have lived in Frederick for 19 years,and are raising our 4 children here. Frederick's a great place to live!
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