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Frederick MD Real Estate

Real Estate News for Frederick County Maryland

By Chris Highland | Agent in Frederick, MD

Frederick County MD Real Estate Statistics for October 2008

County-wide Frederick Real Estate market statistics for the month of October showed some changes from the statistics in September.
    2008 2007    Change

Total Sold $ Volume:      $47,025,319    $61,490,517   -23.5%
Average Sold Price:   276,620  328,826   -16%
Median Sold Price: 234,500  287,000   -18%
Total Units Sold:     170 187    -9%
Avg. Days on Market:  157 133   +18%
Avg. Sale Price as % of List Price:   89%  91%
Total Number of New listings:    393
Total Number of New Pending sales:  175

Some Financing Stats:   32% of the 170 sales this month were FHA, 11% were cash, 40% were conventional, 6% were VA and 7% were Assumptions, (we haven’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.  Just be ready to write, because if you don't move fast, you'll miss out.


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