Market Update - Frederick County: July 2007 VS July 2006
Frederick County: July 2007 VS July 2006
These numbers show there is a large supply of homes on the market and it is getting bigger every month.
If you would like a more detailed valuation of your home, contact us today.
- Sales prices fell from a year ago by .71% from an average of $369,503 to $366,884.
- Sellers are being negotiated 6.14% off of their original list price versus 3.53% one year ago and homes are staying on the market longer.
- In 2006 the average home was on the market for 69 days. In July of 2007 the average home is on the market for 115 days. That’s a 66.67% increase.
- 571 new listings came to the market and 251 where put under contract.
These numbers show there is a large supply of homes on the market and it is getting bigger every month.
If you would like a more detailed valuation of your home, contact us today.
Comments