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
8923 Fingerboard Rd. Ste. 300 Frederick, MD, 21704 USA