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| AUGUST 2024 | |||
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| Units Sold 146 |
Active Inventory 305 |
Median Sale Price $434,950 |
Days On Market 31 |
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| Up 4% Vs. Year Ago |
Up 12% Vs. Year Ago |
No Change Vs. Year Ago |
Down -9% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 146 sold this month in Frederick County Real Estate versus 132 last month, an increase of 11%. This month's total units sold was higher than at this time last year, an increase of 4% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 32 units or 12%. The total number of active inventory this August was 305 compared to 273 in August 2023. This month's total of 305 is lower than the previous month's total supply of available inventory of 340, a decrease of 10%. |
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Median Sale Price
Last August, the median sale price for Frederick County Homes was $435,000. This August, the median sale price was $434,950, which is similar compared to a year ago. The current median sold price is 2% lower than in July. 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 155 |
Current Contracts 146 |
Sold Vs. List Price 98.5% |
Months of Supply 2.1 |
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| Up 4% Vs. Year Ago |
Up 32% Vs. Year Ago |
Down -1.5% Vs. Year Ago |
Up 8% Vs. Year Ago |
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Months of Supply
In August, there was 2.1 months of supply available in Frederick County, compared to 1.9 in August 2023. That is an increase of 8% 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 155 homes newly listed for sale in Frederick County compared to 149 in August 2023, an increase of 4%. There were 146 current contracts pending sale this August compared to 111 a year ago. The number of current contracts is 32% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Frederick County was 98.5% of the average list price, which is 1.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 34, a decrease of 9%. | |||
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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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