The Long & Foster Market Minute

Focus On: Frederick Housing Market January 2019

Zip Code(s): 21701, 21702, 21703, 21704, 21714 and 21717
Units Sold
104
Active Inventory
392
Median Sale Price
$283,750
Days On Market
66
Down -33%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 8%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 104 sold this month in Frederick Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 48 units or 11%. The total number of active inventory this January was 392 compared to 440 in January 2018. This month's total of 392 is lower than the previous month's total supply of available inventory of 493, a decrease of 20%.

Median Sale Price
Last January, the median sale price for Frederick Homes was $273,500. This January, the median sale price was $283,750, an increase of 4% or $10,250 compared to last year. The current median sold price is 2% lower than in December.

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


New Listings
206
Current Contracts
170
Sold Vs. List Price
102.1%
Months of Supply
3.8
Down -4%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up 4%
Vs. Year Ago
Up 34%
Vs. Year Ago

Months of Supply
In January, there was 3.8 months of supply available in Frederick, compared to 2.8 in January 2018. That is an increase of 34% 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 206 homes newly listed for sale in Frederick compared to 214 in January 2018, a decrease of 4%. There were 170 current contracts pending sale this January compared to 168 a year ago. The number of current contracts is 1% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Frederick was 102.1% of the average list price, which is 3.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 66, higher than the average last year, which was 61, an increase of 8%.

The Long & Foster Market Minute Frederick are defined as properties listed in zip code/s 21701, 21702, 21703, 21704, 21714 and 21717.
*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.