The Highland Group - of Turning Point Real Estate in Frederick Md

Frederick County Real Estate Statistics February 2013

Frederick County Real Estate Statistics February 2013

Market Snapshot provided by the Highland Group

Here is a snapshot of Frederick Count real estate statistics February 2013:

County-wide    2013      2012  % Change
Avg. Price  $270,600  $230,000         +18%   ↑↑
    Month-Over-Month  $270,600  $264,600 (Jan)           +2%    ↑
Median Price  $252,500  $215,000         +17%   ↑↑
    Month-Over-Month  $252,500  $247,000 (Jan)           +2%    ↑
DOM       72       113          -36%   ↓↓
# homes sold      166       166            0%    ↔
    Month-Over-Month      166       165 (Jan)            -2%   ↓
Total Listings      633       850           -26%  ↓↓
Inventory     3 mos.      6 mos.              
New Pending Sales       255        255           0%    ↔
Sale Price as
% of List Price
      96%        91%           


What’s Notable:

  • Cash deals were 17% of sales. There are still a lot of investors and cash buyers finding deals.
  • Of the 633 listings in Frederick County, 11% are short sales (70), and less than 1% are foreclosures (6). The trend for now seems to be fewer foreclosures on the market. Banks are encouraging distressed homeowners to undergo a Short Sale.
  • Distress sales are still an influence on prices. Of the 166 homes sold, 33 or 20% were Short Sales, 5 or less than 3% were foreclosures.

*MRIS – Mid-Atlantic Regional Information System – These statistics are not guaranteed but are considered accurate.

See Previous Frederick Real Estate Market Statistics

   The Highland Group
   Turning Point Real Estate
   8923 Fingerboard Road
   Frederick, Md 21704
   301-401-5119
Frederick Real Estate Online
8923 Fingerboard Rd. Ste. 300 FrederickMD21704 USA 
 • 301-401-5119
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