Sep
19
City of Frederick 21703 Real Estate Market Report for August 2011
Posted by Chris & Karen Highland under Columbia, For Buyers, For Sellers, Frederick City Real Estate, Frederick Md, Market Reports, Marketing Reports
Frederick Md Real Estate Market Reports provided by The Highland Group
Statistics for August 2011 have been published by MRIS*.
Here are the highlights for 21703 in the city of Frederick:
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| 21703 | 2011 | 2010 | % Change |
| Avg. Price | $200,300 | $193,800 | -3% |
| Median Price | $194,200 | $178,250 | +9% |
| DOM | 82 | 72 | +14% |
| # homes sold | 36 | 36 | 0% |
| New Listings: | 46 |
| Total Marked Contract: | 20 |
| Total Marked Contingent: | 24 |
| Total Pending (contract + contingent) | 44 |
Notes: This zip code shows 160 active listings, representing roughly a 4 month inventory. Sellers got an average of 96% of list price this month, compared to 93% this time last year. 19% of sales were cash deals.
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The inventory has been steadily decreasing, attributing to a low absorption rate. (Absorption rate is the rate at which homes will sell within a given period of time. Unit sales per month.) Cash buyers are a still a significant part of the sales. Foreclosures and short sales are making up about 20 to 25% of the monthly sales.
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The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate “ 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119
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