What has been going under contract in Frederick County

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In order to sell your home, you need to understand what is selling. Sometimes reality sucks, but it is the only thing that can help you sell your home. I constantly watch the trends of what is happening with contracts for the past week. It helps me, help sellers. It helps me, help buyers as well. In the scheme of things a seller can ask anything they want for their home and a buyer can offer anything they want, realistically it has to be what the market will bear. The contracts on they list below, first tells me what area is currently active, what price range is popular and what type of home is moving. Now mind you this is only a gauge at this point. The true tell is when these homes go to closing and finally settle. The closing price and seller consessions will tell me a different story. But here is list of homes that have went under contract…this is the first step at understanding on how to price your home. (It has be attractive enough to get buyer to look at it.)

Click to see entire document

Click on the document to open up a PDF of the past seven days of homes that went under contract. It is sorted by price range. Look for an area close to your home and see how you stack up to the homes listed. If you want more information about your neighborhood, give me a call and we can talk about the activity there. The average home is around $280,000 and averages 4 bedrooms. They also averaged 164 days before going under contract.

There were 171 homes sold in the month of July in Frederick County. August’s report will be out shortly and I suspect it will be about the same. The question you need to ask yourself, Do you want to be one of those homes next month? In case you are wondering, there are currently 2351 homes on the market right now. That’s a lot of competition.

Have a great week.

September 8, 2008 · Filed Under Frederick MD Real Estate