The Long & Foster Market Minute

Focus On: Frederick County Housing Market October 2019

Units Sold
123
Active Inventory
446
Median Sale Price
$250,000
Days On Market
42
Down -16%
Vs. Year Ago
Down -15%
Vs. Year Ago
No Change
Vs. Year Ago
Up 5%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 123 sold this month in Frederick County Real Estate versus 141 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 16% versus October 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 76 units or 15%. The total number of active inventory this October was 446 compared to 522 in October 2018. This month's total of 446 is lower than the previous month's total supply of available inventory of 497, a decrease of 10%.

Median Sale Price
Last October, the median sale price for Frederick County Homes was $249,520. This October, the median sale price was $250,000, which is similar compared to a year ago. The current median sold price is 9% higher 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
165
Current Contracts
137
Sold Vs. List Price
98.8%
Months of Supply
3.6
Down -4%
Vs. Year Ago
Up 43%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In October, there was 3.6 months of supply available in Frederick County. The amount of supply is similar compared to 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 165 homes newly listed for sale in Frederick County compared to 171 in October 2018, a decrease of 4%. There were 137 current contracts pending sale this October compared to 96 a year ago. The number of current contracts is 43% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Frederick County was 98.8% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 42, higher than the average last year, which was 40, an increase of 5%.

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.