The Long & Foster Market Minute

Focus On: Frederick County Housing Market October 2019

Units Sold
355
Active Inventory
1,104
Median Sale Price
$309,990
Days On Market
41
Up 3%
Vs. Year Ago
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Down -16%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 355 sold this month in Frederick County Real Estate versus 385 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 3% versus October 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 127 units or 10%. The total number of active inventory this October was 1,104 compared to 1,231 in October 2018. This month's total of 1,104 is lower than the previous month's total supply of available inventory of 1,251, a decrease of 12%.

Median Sale Price
Last October, the median sale price for Frederick County Homes was $310,000. This October, the median sale price was $309,990, which is similar compared to a year ago. The current median sold price is 4% lower than in September.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
572
Current Contracts
409
Sold Vs. List Price
99.0%
Months of Supply
3.1
Up 16%
Vs. Year Ago
Up 21%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Down -13%
Vs. Year Ago

Months of Supply
In October, there was 3.1 months of supply available in Frederick County, compared to 3.6 in October 2018. That is a decrease of 13% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 572 homes newly listed for sale in Frederick County compared to 495 in October 2018, an increase of 16%. There were 409 current contracts pending sale this October compared to 339 a year ago. The number of current contracts is 21% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Frederick County was 99.0% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 41, lower than the average last year, which was 49, a decrease of 16%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.