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Monthly real estate statistics for the Frederick County Market. A long-term look at what the numbers are doing will help buyers and sellers have a better strategy in purchasing or selling their home. Frederick County Real Estate Market Snapshot July 2014 - provided by the Highland Group We’re seeing the real estate market continue this summer with healthy demand. Here is a snapshot of Frederick County real estate statistics July. Average Home Sales Price: $303,300: down 2% from last July. Down 5% from June. Average Single-Family Sales Price: $354,900 Average Attached Home Sales Price: $216,500 Median Home Sales Price: $275,000: down 3% since last July. Down 7% since June. Average Days on Market (DOM): 50 days, down 9% from last July, up 6% from the previous month of June. Number of Homes Sold: 303, down 11% from last July (340), down 3% from June. Total Listings in Frederick Md: 1280, up from 887 last July, 44%. Newly Under Contract: 362, nearly the same as last July. Sellers got 97% of list price on average, compared to 96% last July. What’s Notable: Cash deals were 14% of sales. Investors and flippers are finding a good market in Frederick this summer. 55% of loans were with Conventional financing, 13% 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 range. 27%. A second highest, 22% of homes sold were in the $300,000 to $400,000 range.
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