It’s that time of month again…I mean time for Frederick Real Estate Market Statistics.  I’ve got an extra treat, statistics for the entire year! 

          Real Estate Statistics for Frederick County:
                                                                2008         2007         % Change
          Number homes sold:                 145          160                -9%
          Average sold price:               $276,595   326,373            -15%
          Median sold price:                   239,900   282,838           -15%
          Average days on market            137          145                -6%
          Sold price as % of List price:       86%         90%

*The present absorption rate is 11.5 months, up from 9 or 10 in the Fall. 

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            Real Estate Statistics for Frederick City:
                              Area Code 21701
          Number homes sold:                    32           42              -24%
          Average sold price:                 275,319     298,125          -8%
          Median sold price:                   262,500     273,000          -4%
          Average days on market:           123          147              -16%
          Sold price as % of List price:       86%         88%

          Real Estate Statistics for Frederick City:
                              Area Code 21702
          Number homes sold:                    37            33              +12%
          Average sold price:                 248,084     274,666          -10%
          Median sold price:                   197,000     267,000          -26%
          Average days on market:           136           146               -7%
          Sold price as % of List price:       87%          90%

            Real Estate Statistics for Frederick City:
                            Area Code 21703
          Number of homes sold:               20             21                -5%
          Average sold price:                 203,858      284,441           -28%
          Median sold price:                   199,750      253,490          -21%
          Average days on market:            141            152              -7%
          Sold price as % of List price:       85%            90%

          To compare to November 2008 Frederick Real Estate Statistics. To see Real Estate Market Statistics for Mount Airy, New Market, Middletown, Urbana, and Thurmont.  There was 1 sale in Jefferson, 2 sales in Adamstown, 1 sale in Ijamsville, 3 sales in Monrovia, 1 sale in Emmitsburg, and 4 sales in Walkersville.
                                 
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          Frederick County Real Estate Statistics Year in Review:

          January                                         2008               2007         % Change
        Average Sold Price:                  341,453       365,151             -6%
        Median Sold Price:                    295,000       322,500            -9%
          February
        Average Sold Price:                  338,888       343,392             -1%
        Median Sold Price:                    295,000       305,000             -3%
          March
        Average Sold Price:                  323,628       340,773             -5%
        Median Sold Price:                    290,000       307,500             -6%
          April
        Average Sold Price:                  322,660       375,549            -14%
        Median Sold Price:                    289,900       309,950             -6%
          May
        Average Sold Price:                  325,104        349,718             -7%
        Median Sold Price:                   286,000         323,950           -12%
          June
        Average Sold Price:                  310,917        345,473           -10%
        Median Sold Price                     272,500        309,450           -12%
          July
        Average Sold Price:                  327,235        366,884            -11%
        Median Sold Price:                   295,000         316,250             -7%
          August
        Average Sold Price:                  298,973        359,949            -17%
        Median Sold Price:                    265,000        315,000            -16%
          September
        Average Sold Price:                  290,129         340,478           -15%
        Median Sold Price:                   262,000         295,500            -11%
          October
        Average Sold Price:                 276,620         328,826            -16%
        Median Sold Price:                   234,500         287,000            -18%
          November
        Average Sold Price:                  263,156         314,510            -16%
        Median Sold Price:                    231,000         273,300            -14%
          December
        Average Sold Price:                 276,595          326,373            -15%
        Median Sold Price:                   239,900          282,838            -15%

And for the Visual People:

*Commentary:  There’s not really much to say when you look at this graph.  Except… the curve of the line around November looks like a bottom to me.  I don’t know if its The Bottom, but it could be.  Let me know what you think by leaving me a comment, I’d love to hear from you!

See Homes in the Historic District for Sale                                *          *          *          *          *