Helping You Find Home
Helping You Find Home
Selling a home in today's market can be a complicated process with so much technology at our disposal. At the same time, your home can reach a much broader audience than ever before. In other repects, selling a home has not changed...the basics must still be right:
Get an online evaluation of your home. We will also be happy to do a custom market analysis to get a more accurate value.
We like to say that buying a home is not an event, it's a process. After more than 2 decades of helping home buyers find their home, it is still an adventure to us. We're here to help you learn about the homebuying process:
Use our Advanced Home Search to find your Maryland home. You can set up your own custom searches, get email notifications, and research neighborhoods, communities and cities.
Frederick Real Estate Blog
Real Estate activity in Frederick County is picking up and the spring market is here…and it’s HOT. Here is a snapshot of Frederick County real estate statistics in March:
Average Home Sales Price: $299,950, up 3% from last year in March.
Median Home Sales Price: $271,000 compared to $260,000 last year: up 4%.
Average Days on Market (DOM) the time it takes to get a contract: 81 days, down 11% from last year (91). This is a direct reflection of Demand in our market.
Number of Homes Sold: There were 486 new pendings (homes that went under contract) 1% more than last March.
Total Listings in Frederick Md: 947, down 17% from 1,140 last year. The inventory is a very low number for Frederick County. We’re in a seller’s market until the inventory increases, with a 2-3 month absorption rate.
** If demand is still strong for the season and inventory is decreasing, this is a good time to sell!
Sellers got 98% of list price on average, compared to 96% at this time last year. The fact that this number is higher than last year shows that the demand is strong. We also can count on a healthy price appreciation.
Keep in mind: In some price ranges, in some areas of the county, there is naturally a higher demand and the market is more competitive for buyers. Some neighborhoods, like Urbana, Middletown and several in the city of Frederick, are in high demand, and have lower absorption rates.
We are seeing lots of multiple offers on homes that are in great condition and priced to sell. One agent told us he had 11 offers on a listing in a matter of days.
Buyers: Bring Your A-Game.
You must be pre-approved by a reputable local lender. If you have a house to sell, you need to get it on the market first, before you make an offer. Better yet, have your home under contract if you want to win in a multiple offer situation.
March 2017 Market Statistics provided by MRIS (Mid-Atlantic Regional Information System – A Bright MLS)
*MRIS – Metropolitan Regional Information System – These statistics are not guaranteed but are considered accurate. Frederick County Real Estate Market Trends for March 2017.
Contact Chris Highland to see homes for sale in Frederick Md.
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