Frederick County Real Estate Market Snapshot June 2014

provided by the Highland Group

We’re seeing the real estate market continue with healthy demand. Here is a snapshot of Frederick County real estate statistics June:

For those who like statistics:

Frederick Real Estate Trends for June 2014

Average Home Sales Price: $321,900: up 5% over last June. Up 4% over May.

Median Home Sales Price: $296,100: up 1% over last June. Up 10% over May.

Average Single-Family Sales Price: $362,200

Average Attached Home Sales Price: $235,600

Newly Under Contract: 384, up 10% over last June.

Average Days on Market (DOM): 47 days, down 10% from last June, down 22% from May

Number of Homes Sold: 314, down 9% from last June, up 1% from May.

Total Listings in Frederick Md: 1228, up from 850 last June, 44%.

The real estate market in Frederick County is showing signs of continued health and recovery. Demand continues, listings are up and time on market is down.

Sellers got 97% of list price on average, same as last June.

Cash deals were 13% of sales. Investors and flippers are finding a good market in Frederick this summer. 60% of loans were with Conventional financing, 16% were FHA. (As FHA raises fees, they become more irrelevant in the market)

The majority of home sales take place in the $200,000 to $300,000 price ranges. 32%

The Highland Group, Chris & Karen Highland, have been selling real estate in Frederick County and central Maryland for more than 21 years. Chris is the residential sales manager at Turning Point Real Estate.

Contact Chris Highland for real estate services:
301-831-9947 cell: 301-401-5119
email: chris@chrishighland.com