Frederick Md Real Estate Report January 2014

Frederick County Real Estate Market Snapshot provided by the Highland Group

Frederick Real Estate January 2014

Real estate sales are steady… Here is a snapshot of Frederick County real estate statistics January:

County-wide	2014	2013	% Change
Avg. Price	$260,600	$264,600	-1%  ↔
Month-Over-Month	$260,600	$292,000 (Dec)	-11%  ↓
Median Price	$230,000	$264,600	-7%    ↓
Month-Over-Month	$230,000	$238,500 (Dec)	-4%    ↓
DOM	70	76	-8%   ↓
# homes sold	159	165	-4%   ↓
Month-Over-Month	159	244 (Dec)	-35%  ↓
Total Listings	767	615	+25%  ↑↑
Inventory	c. 4 mos.	c. 4 mos.	↔
New Pending Sales	259	233	+11 %  ↑↑
Sale Price as % of List Price	95%	94%	↔

What’s Notable:

• Cash deals were 15% of sales, higher than the normal 7 – 9%.
• December was an unusual month as far as real estate sales. Usually a slow month, we saw higher than normal sales. This anomaly makes January’s numbers look significantly low, when in fact they’re pretty normal.

For a historical view of home prices:

*MRIS – Metropolitan Regional Information System – These statistics are not guaranteed but are considered accurate.

See Previous Frederick Real Estate Market Statistics

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