County-wide Frederick Real EstateÂ market statistics for the month of October showed some changes from the statistics in September.
Â Â Â 2008Â 2007Â Â Â Change
Total Sold $ Volume:Â Â Â Â $47,025,319Â Â Â $61,490,517Â Â -23.5%
Average Sold Price:Â Â 276,620Â 328,826Â Â Â -16%
Median Sold Price: 234,500Â 287,000Â Â -18%
Total Units Sold:Â Â Â Â 170 187Â Â -9%
Avg. Days on Market: Â 157 133Â Â +18%
Avg. Sale Price as % of List Price:Â Â 89%Â 91%
Total Number of New listings:Â Â Â 393
Total Number of New Pending sales:Â 175
SomeÂ Financing Stats:Â Â 32% of the 170 sales this month were FHA, 11% were cash, 40% were conventional, 6% were VA and 7% were Assumptions, (we havenâ€™t seen many assumptions in the last 5 to7 years, now we see in certain circumstances they are becoming more neccessary.)
*We're seeing a slow-down in the market compared to September's sales, probably reflecting the volatile economic news we've experienced over the last few months.
**Personally, we're seeing such great deals in foreclosures that we're in competing offers. There are some great deals for buyers who are prequalified and have 3 to 5% down.Â Just be ready to write, because if you don't move fast, you'll miss out.
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