Real Estate Marketing Specialists

Frederick County Real Estate Market Snapshot April 2014

Frederick County Real Estate Market Snapshot April 2014

provided by the Highland Group

We’re seeing the Spring market take place, Here is a snapshot of Frederick County real estate statistics April:

County-wide    2014   2013 % Change
Avg. Price    $286,100  $301,400        -5%  ↓
    Month-Over-Month    $255,200  $282,500 (Mar)        +1%   ↑
Median Price    $255,200  $261,500        -2%   ↓
    Month-Over-Month    $255,200  $250,000 (Mar)        +2%   ↑
DOM         56       70        -20%   ↓↓
# homes sold        260       244        +7%   ↑
    Month-Over-Month        260       221 (Mar)        +17%  ↑↑
Total Listings        992       725        +37%  ↑↑
Inventory       c. 3- 4 mos.      c. 3-4 mos.           ↔
New Pending Sales       385      403         -4 %   ↓
Sale Price as
% of List Price
      96%        96%              –


What’s Notable:

  • Cash deals were 17% of sales. Investors and flippers are finding a good market in Frederick this spring.
  • Average price for town homes was $216,500, compared to $222,100, -2% over last year.
  • Average sold price for single-family homes was $339,500, compared to $346,200 in April 2013, -2%.
  • The number of Homes that went under contract in April, 385, although slightly lower than last April, show a healthy month ahead.

For a historical view of average and median home prices:

Frederick Md Real Estate

Frederick Md Real Estate

 

*MRIS – Metropolitan Regional Information System – These statistics are not guaranteed but are considered accurate.

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