April’s real estate market reports are out.  The city of Frederick had another month of increased sales:

21701     2009     2008 % Change
Avg. Price   $265,121  $335,593      -21%
Median Price   $259,000  $294,250      -12%
DOM       160       153     +5%
# homes sold        33       28     +18%
New Listings:    93
Total Marked Contract:    32
Total Marked Contingent:    29
Total Pending (contract + contingent)    61

1/3 of the homes in 21701 sold in under 30 days, homes that were priced right, and in the best condition.  48% of the homes sold after more than 120 days. 

21702     2009     2008 % Change
Avg. Price   $254,200  $299,200     -15%
Median Price   $204,000  $262,000     -22%
DOM      152      155      -2%
# homes sold       45       35     +29%
New Listings:    73
Total Marked Contract:    42
Total Marked Contingent:    36
Total Pending (contract + contingent)    78

24% of the homes sold in the 21702 zip code sold in under 30 days, 49% sold after being on the market for more than 120 days. 

21703     2009     2008 % Change
Avg. Price   $197,000  $253,000     -22%
Median Price   $178,500   $237,000      -25%
DOM      105      111      -5%
# homes sold       45       39     +15%
New Listings:    59
Total Marked Contract:    33
Total Marked Contingent:    29
Total Pending (contract + contingent)    62

36% of the homes sold in zip code 21703 sold in under 30 days.  13% sold from 31 to 60 days, 22% sold between 61 and 120 days, and 29% sold after being on the market for more than 120 days.

*Commentary:  We’re seeing an increased number of sales, and the decline in prices seems to be slowing down.  Compared to March real estate statistices for Frederick, we’ve seen an increase in sales in 2 out of 3 zip codes.

                      Frederick Real Estate          Frederick Real Estate        
                                                                                                                                                                                                       
                                  The Highland Real Estate Group                      
        Chris & Karen Highland * Frederick County MD Real Estate Agents
                                Specializing in Frederick County Real Estate 
                                                 301-831-9947
                                            Real Estate Teams, LLC
                                               isell4u2@msn.com                
                                 
                                        Pictures of Frederick