Posts Tagged ‘Frederick County’
Urbana, MD Market Report – 1/18/10
- Homes for sale: 72
- Closed sales: 10
- Average sold price: $345,080
- Average Days on market: 52
Prices in Urbana are still about 13% below where they were one year ago, but we are seeing the trend of prices on the rise. The number of houses available for sale is 25% lower compared to the same time last year, and the time it takes to sell a house is about half as long as it was one year ago.
Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.
Search for homes in Urbana, and all of the DC Metro: www.averyhess.com
Frederick County, MD Market Report – 10/2/09
The following statistics represent the market in Frederick County, MD:
- Homes for sale: 372
- Homes sold: 246
- Average sales price: $265,000
- Average DOM: 117
At the same time in 2008 there were 445 homes for sale, as opposed to 372 this year. In one year the standing inventory for sale has been reduced 17%. With the drop in the average sales price in a year from $300,000 to $265,000 combined with the low mortgage rates in the low 5% range, affordability has soared for buyers in this market.
Meanwhile, a year ago homes took an average of 139 days to sell, but this year for the same period it is only taking 117.
Many of the residents of Frederick County commute to Montgomery County and Washington DC using the excellent public transportation and adequate road system.
Market data and commentary provided by David Hess, Executive Vice President and Managing Broker.
Search for homes in Frederick County, and all the DC Metro: www.averyhess.com
Frederick County, MD Market Report – 9/10/09
The figures below represent the housing market for Frederick County, Maryland.
- New listings: 440
- Under contract: 305
- Total sold: 261
- Average sale price: $261,992
- Average days on market: 116
Though Frederick County, Maryland lies northwest of Montgomery County, it is drawing interest as another suburb of the District of Columbia, especially for buyers entering the area. Much of the appeal is due to more affordable housing and the availability of rail transportation.
The average sales price in the county has dropped about 20% from this time last year, but the total units sold has gone up almost 40%. This not only shows the increased desirability of the area, but also the number of foreclosures available. Homes are staying on the market about the same amount of time as last year, about 5% less, while the supply of homes available has decreased by 28%.
Market data and commentary provided by Ginny Gunther, Managing Broker, Avery-Hess, Realtors.
Search for Homes in Frederick County, and all the DC Metro: www.averyhess.com
