Frederick County Maryland Real Estate as of 6/21/11

The Real Estate Market numbers so far in June for Frederick County continue to be stable and have varied only minimally from the May numbers.  The SOLD number, as of the 21^st, is 114 units, 6 units behind the 120 units SOLD as of May 21^st.  Of those SOLD units, 21 units were Foreclosed homes and 16 were Short Sales.  There were 206 new Pending Contracts as of June 21^st, 20 of which were on Foreclosed properties and 54 on Short Sales.  The 139 Pending Sales puts Frederick County 9 Pending Sale units AHEAD of the number as of the 21^st of May.  There have been 271 New Listings thus far in June, 26 of them were identified as Foreclosures and 41 as Short Sales. 

                     As of 6/21      As of 5/21    Current numbers vs. previous month (total) and vs. last year, same month (total)

Sold                  114*              120           *Approx 49% of the way to beat May 11 (235) and 40% of the way to beat Jun 10 (283)

Pending            206#             197          #Approx 65% of the way to beat May 11 (278) and 97% of the way to beat Jun 10 (212)

In addition to the normal chart, below is a chart showing Total units, Active, and under Contract.  For Frederick County the number of units under contract vs the total is 34.07% (UP 0.24% from last week).  Three of the five counties' percentages rose this week with Howard 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	1448	1134	314	21.69%	0.05%
Frederick	1949	1285	664	34.07%	0.24%
Howard	2151	1492	659	30.64%	0.46%
Montgomery	5929	3578	2351	39.65%	-0.35%
Washington	1171	911	260	22.20%	-0.08%
6/23/2011

* Distressed Property Activity - Frederick County:

Of the 1285 "Active" properties, 295 (58 Foreclosure, 237 Short Sale) are "Distressed" properties (23%)

Of the 664 "Under Contract" properties, 327 (58 Foreclosure, 269 Short Sale) are "Distressed" properties (49%)

NOTE:  This past week, both the Active properties and Under Contract percentages were stable at 23% and 49% respectively.  Frederick’s Active Inventory count was 1285 units, an increase of only 2 units from last week.  As a comparison, Frederick’s Active Inventory count on Dec 30, 2010 was 1291.

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Thus ends my post.  See you next time.

Bob