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:
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Frederick Real Estate Blog
Real Estate activity in Frederick County is UP! Everything’s UP. Here is a snapshot of Frederick County real estate statistics in January:
Average Home Sales Price: $314,300 , up from last year by 5%, and up 7% from last month’s average of $295,100.
Median Home Sales Price: $300,000 compared to $272,500 last year: up 10%
Average Days on Market (DOM) the time it takes to get a contract: 74 days, down 24% from last year (98). This is a direct reflection of Demand in our market.
Number of Homes Sold: There were 329 new pendings (homes that went under contract) 10% more than last January. The demand is certainly staying steady throughout winter.
Total Listings in Frederick Md: 819, down 24% from 1,072 last year. The inventory is a pretty low number for Frederick County. We’re heading for 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!
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. Some smaller communities on the outskirts of Frederick County, Myersville, Thurmont, Woodsboro, are less in demand and homes take a little longer to sell.
When we drill down to the neighborhood level, there are differences in demand as well. All reasons to consult an to find out supply and demand in your area.
Sellers got 96% of list price on average, compared to 94% at this time last year. The fact that this number is higher than last year shows that the demand is strong, even though its winter, when the market usually slows down.
January 2017 Market Statistics provided by MRIS (Mid-Atlantic Regional Information System)
*MRIS – Metropolitan Regional Information System – These statistics are not guaranteed but are considered accurate. Frederick County Real Estate Market Trends for January 2017.
Contact Chris Highland to see homes for sale in Frederick Md.
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Buying a home is probably one of the biggest purchases most people ever make. It is certainly an important part of a life-long financial plan. If you’re thinking about becoming a homeowner, there are at least six things to consider before you buy your first home: 1. Your creditworthiness Is your credit healthy? In today’s… Continue Reading
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