Frederick County Real Estate Market Report for September 2009

MRIS has published the real estate sales statistics for Frederick County for September 2009*

County-wide	2009	2008	% Change
Avg. Price	$277,056	$290,129	-5%
Median Price	$240,000	$262,000	-8%
DOM	98	120	-18%
# homes sold	230	205	+12%

New Listings:	383
Total Marked Contract:	169
Total Marked Contingent:	122
Total Pending (contract + contingent)	291

Note: There are currently 1587 properties (about 1300 are residential) listed for sale in Frederick County, continuing to come down month after month. That makes roughly a 6 month inventory, a balanced market. The number of homes sold as well as the number of pending sales is still higher than this time last year, although starting to show the usual seasonal decline.

*Other notable sales statistics: 62% of the 230 sales were under $300,000, still reflecting the surge in first-time buyers and investors getting deals in the present market.

Compare to Frederick County Real Estate Market Report for August 2009

Comimg: Frederick City Real Estate Market Report for September 2009, Real Estate Market Report for Frederick Communities - September 2009

*All statistics are gathered from the MRIS, Metropolitan Regional Information System, and while accurate, are not guaranteed.

The Highland Real Estate Group
Chris & Karen Highland * Frederick County MD Real Estate Agents
Specializing in Frederick County Real Estate
301-831-9947 301-831-9947 301-831-9947 301-831-9947
Real Estate Teams, LLC
isell4u2@msn.com