Frederick County Real Estate Statistics January 2013
Market Snapshot provided by the Highland Group
Frederick real estate sales were up over last January. Here is a snapshot of Frederick Count real estate statistics January 2013:
|Avg. Price||$264,600||$227,600||+16% ↑↑|
|Month-Over-Month||$264,600||$277,200 (Dec)||-5% ↓|
|Median Price||$247,000||$196,500||+26% ↑↑|
|Month-Over-Month||$247,000||$265,000 (Dec)||-7% ↓|
|# homes sold||165||120||+38% ↑↑|
|Month-Over-Month||165||221 (Dec)||-25% ↓|
|Total Listings||615||861||-29% ↓↓|
|Inventory||3 mos.||6 mos.||↓|
|New Pending Sales||233||248||-6% ↓|
|Sale Price as
% of List Price
- Cash deals were 19% of sales. There are still a lot of investors and cash buyers finding deals.
- The number of pending sales is good for Winter, and we’re seeing a healthy real estate market, as far as sales are concerned, with good demand and low inventory.
- Of the 615 listings in Frederick County, 12% are short sales (76), 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 165 homes sold, 29 or 19% were Short Sales, 7 or less than 4% 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