In the first two months of the fourth quarter, 272 jobs were added to the payrolls of Frederick County. As
a result of these new jobs, the average monthly unemployment rate fell from 2.9% during the third
quarter to 2.8% for October and November. The strong employment climate may help to create demand
for home purchases. Favorable mortgage rates should augment this trend.
Q3' 07 Q4' 07
Average Price $294,300 $277,600
# Homes on the Market 1,684 1,491
# Homes Sold 198 219
# New Homes Built 102 57
Avg # of Days on Market 102 114
Posted by MRIS
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