Frederick County Maryland Real Estate as of 6/14/11

   The Real Estate Market numbers so far in June for Frederick County are relatively stable vs. the same period in May.  The SOLD number, as of the 14^th, is 66 units, 7 units behind the 73 units SOLD as of May 14^th.  Of those SOLD units, 11 units were Foreclosed homes and 11 were Short Sales.  There were 139 New Pending Contracts as of June 14^th, 11 of which were on Foreclosed properties and 35 on Short Sales.  The 139 Pending Sales puts Frederick County 5 Pending Sale units ahead of the number as of the 14^th of May.  There have been 189 New Listings thus far in June, 20 of them were identified as Foreclosures and 31 as Short Sales. 

                     As of 6/14      As of 5/14    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                    66*                73           *Approx 28% of the way to beat May 11 (235) and 23% of the way to beat Jun 10 (283)

Pending            139#             134          #Approx 44% of the way to beat May 11 (278) and 66% of the way to beat Jun 10 (212)

Below is a chart showing Total units, Active, and under Contract.  For Frederick County the number of units under contract vs the total is 33.83% (UP 0.10% from last week).  Three of the five counties' percentages rose this week with Carroll rising the most.   Montgomery still maintains the highest percentage while Frederick maintains second place.

Percent of Homes Under Contract vs. Total

Current Active vs. Contract Snapshot
	Total	Active	Contract	% Contr	% Chg vs LW
Carroll	1456	1141	315	21.63%	0.56%
Frederick	1939	1283	656	33.83%	0.10%
Howard	2157	1506	651	30.18%	0.51%
Montgomery	6000	3600	2400	40.00%	-0.08%
Washington	1176	914	262	22.28%	-0.71%
6/16/2011

* Distressed Property Activity - Frederick County:

Of the 1283 "Active" properties, 293 (56 Foreclosure, 237 Short Sale) are "Distressed" properties (23%)

Of the 656 "Under Contract" properties, 324 (61 Foreclosure, 263 Short Sale) are "Distressed" properties (49%)

NOTE:  This past week, the Active properties percentage was stable at 23% while the Under Contract percentage dropped 2% to 49%.  This is the first time the Under Contract percentage has been under 50% since I started looking at the data over a year ago.  The number had been as high as 64% at one point.  Frederick’s Active Inventory Count was 1283 units, an increase of only 6 units from last week. 

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Thus ends my post.  See you next time.

Bob