Frederick County Real Estate Market Report for July 2011

Frederick County Real Estate Market Report

for July 2011 provided by the Highland Group,

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.