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