frederick md real estate market trends june 2014
DESCRIPTION
Frederick County Real Estate Market Snapshot June 2014 provided by the Highland Group We’re seeing the real estate market continue with healthy demand. Here is a snapshot of Frederick County real estate statistics June: For those who like statistics: Frederick Real Estate Trends for June 2014 Average Home Sales Price: $321,900: up 5% over last June. Up 4% over May. Average Single-Family Sales Price: $362,200 Average Attached Home Sales Price: $235,600 Median Home Sales Price: $296,100: up 1% over last June. Up 10% over May. Average Days on Market (DOM): 47 days, down 10% from last June, down 22% from May Number of Homes Sold: 314, down 9% from last June, up 1% from May. Total Listings in Frederick Md: 1228, up from 850 last June, 44%. Newly Under Contract: 384, up 10% over last June. Sellers got 97% of list price on average, same as last June. What’s Notable: Cash deals were 13% of sales. Investors and flippers are finding a good market in Frederick this summer. 60% of loans were with Conventional financing, 16% were FHA. (As FHA raises fees, they become more irrelevant in the market) The majority of home sales take place in the $200,000 to $300,000 price ranges. 32%.TRANSCRIPT
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