Frederick Housing Market Update

Todays update we will take a quick look at the inventory levels in Frederick County over the last six months.  The inventory is still up over last year at this time by almost 400 homes.  Interestingly, the number of Condos have decreased while everything else has continued to climb.  They have been seeing about 15 sales a month on average.  (Here my latest on the Condo market in Frederick County.)

Housing count by types

February has historically been the beginning of the Spring Market lately.  Last year I feel our Spring Market was in February and March and then dwindled off from there.  This year seems a little slower start in the activity than last year.  However, the activity is picking up.  There are homes that have picked up in scheduled showings and actually contracts are being written on homes now too.

Sellers continue to show your home in the best light as possible and Buyers talk to your lenders.  The changes in lending requirements have really shut down the 100% financing.  Chances are today you will need at least 5-10% as a down payment.  That’s why you really need to be talking to your lender.  If you need one I have a list of Preferred Lenders in Frederick that will gladly assist you.

Also if you need assistance finding the right home…you can call me.

Have a great day.

Bob is a licensed Real Estate agent in Maryland and Pennsylvania. You can contact him via email at bob@gotbob4homes.com or call him on his cell phone at 240-285-4918.  Bob left the Frederick area to manage a resort office near Deep Creek Lake in Western Maryland. He still stays in touch with the area that he has grown to love.