The Long & Foster Market Minute

Focus On: Frederick County Housing Market June 2021

Units Sold
174
Active Inventory
185
Median Sale Price
$348,500
Days On Market
11
Down -8%
Vs. Year Ago
Down -44%
Vs. Year Ago
Up 24%
Vs. Year Ago
Down -77%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 174 sold this month in Frederick County Real Estate versus 170 last month, an increase of 2%. This month's total units sold was lower than at this time last year, a decrease of 8% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 146 units or 44%. The total number of active inventory this June was 185 compared to 331 in June 2020. This month's total of 185 is higher than the previous month's total supply of available inventory of 177, an increase of 5%.

Median Sale Price
Last June, the median sale price for Frederick County Homes was $281,420. This June, the median sale price was $348,500, an increase of 24% or $67,080 compared to last year. The current median sold price is 7% lower than in May.

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


New Listings
227
Current Contracts
193
Sold Vs. List Price
101.3%
Months of Supply
1.1
Up 5%
Vs. Year Ago
Down -13%
Vs. Year Ago
Up 2.3%
Vs. Year Ago
Down -39%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Frederick County, compared to 1.7 in June 2020. That is a decrease of 39% 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 227 homes newly listed for sale in Frederick County compared to 217 in June 2020, an increase of 5%. There were 193 current contracts pending sale this June compared to 222 a year ago. The number of current contracts is 13% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Frederick County was 101.3% of the average list price, which is 2.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 11, lower than the average last year, which was 47, a decrease of 77%.

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.