The pandemic has brought about changes to the housing market across our nation and we have definitely felt it locally. For the month of July, the change in the number of units sold in Frederick
Housing Roller Coaster Frederick Maryland
Dated: August 12 2021
The pandemic has brought about changes to the housing market across our nation and we have definitely felt it locally. For the month of July, the change in the number of units sold in Frederick County over last year shows a -15.3% decrease. Sales are down due to the lack of inventory. The months’ supply of homes on the market across Maryland has fallen dramatically from 2 months supply this time in 2020 to 1.1 months July 2021. The good news is that many homeowners are realizing it's a great time to sell and our demand for new listings is rising dramatically this month.
Due to the popularity of quality of life and highly rated schools, Frederick County, MD is in high demand for home shoppers moving out of Washington D.C., Virginia, and other higher-priced markets in the Metropolitan area. Lower interest rates have further stimulated the housing demand. This great demand has driven up home prices dramatically. In Frederick County, July stats show a +20.5% jump in home prices over 2020. While this is great news for sellers, some homebuyers may be feeling pinched out of the market. Our Realtors at Welcome Home Realty Group have been highly successful in implementing vigorous systems and creative contract strategies to create new leverage for our buyers in this market.
If you are thinking of selling now is a great time to get on the market. With the demand high and little competition, your home could be sold in no time. Have questions? Give us a call, 301.228.2988. Welcome Home Realty Group agents are experts in navigating today's ever-changing market.
Terry La Scola is a lifelong resident of Frederick County Maryland and has been involved in the business community of Frederick since 1979. As an entrepreneur, Terry has an extensive knowledge of sal....