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| Focus On: Frederick County Housing Market | February 2023 | ||
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| Units Sold 81 |
Active Inventory 210 |
Median Sale Price $392,500 |
Days On Market 51 |
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| Down -16% Vs. Year Ago |
Up 63% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 143% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 81 sold this month in Frederick County Real Estate versus 63 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 16% versus February 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 81 units or 63%. The total number of active inventory this February was 210 compared to 129 in February 2022. This month's total of 210 is lower than the previous month's total supply of available inventory of 228, a decrease of 8%. |
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Median Sale Price
Last February, the median sale price for Frederick County Homes was $382,500. This February, the median sale price was $392,500, an increase of 3% or $10,000 compared to last year. The current median sold price is 5% higher than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 112 |
Current Contracts 105 |
Sold Vs. List Price 99.7% |
Months of Supply 2.6 |
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| Down -9% Vs. Year Ago |
Down -5% Vs. Year Ago |
Down -0.5% Vs. Year Ago |
Up 93% Vs. Year Ago |
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Months of Supply
In February, there was 2.6 months of supply available in Frederick County, compared to 1.3 in February 2022. That is an increase of 93% 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. |
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New Listings & Current Contracts
This month there were 112 homes newly listed for sale in Frederick County compared to 123 in February 2022, a decrease of 9%. There were 105 current contracts pending sale this February compared to 110 a year ago. The number of current contracts is 5% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Frederick County was 99.7% of the average list price, which is 0.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 21, an increase of 143%. | |||
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| *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. | |||
 Information 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. |
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