Friday, July 24, 2015

Home Sales Up Dramatically in Frederick County in June 2015

July 2015 - For those who watch the housing market prices, Frederick County saw a 54% rise in number of properties sold in June 2015 over June 2014! This jump was, however, not accompanied by a price jump. The average single family home price dropped slightly over last year averaging  $352,838 in June 2015 compared to $3562,223 in 2014. The average number of days on market has also fluctuated over the past few years and stands at 62 days right now.  Inventory is still somewhat lower than we like to see. Around 10% of homeowners are still underwater and they've been wanting to sell for some time. As prices rise, they can jump in the market to sell their homes.

The following charts show the 10 year trends for Frederick County.

Total Homes Sold in Frederick County in June 2015
Frederick County saw a 54% rise in number of properties sold last month over last June!

Average Price of Homes Sold in Frederick County in
June 2015 by Home Type
Though more homes sold in June 2015 than last year, this did not translate into a price jump.
The average single family home cost $352,838 in June compared to $3562,223.

Average Days on Market for Frederick County in June 2015
Days on Market
Months of Housing Inventory in Frederick County in June 2015
Frederick County Housing Inventory - Months of Supply