Market Update for Frederick County: December 2019

Dated: January 15 2020

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The numbers are in for the December Housing Market in Frederick County, MD! 


There were 793 active listings during the month, which is down 19% from November. While 793 listings were active, 335 listings sold which means there are currently 2.4 months of inventory and it is considered a seller's market.

...But what does all this mean? 

Realtors use these statistics to determine what kind of market it is. Basically, how many months will the current inventory last if no more houses go on the market and continue to sell at the current rate. 

Balanced market is 6 months of inventory
Seller's market is less than 6 months of inventory
Buyer's market is greater than 6 months of inventory

Based on the amount of months of inventory it means the market better supports a seller (less inventory means less competition) or a buyer (more inventory means more options to choose from).

It is currently a seller's market, but I anticipate a busy spring! If you are thinking about selling, I encourage you not to wait! While there may be more buyers there may also be more sellers which means more competition. 

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Amanda Addington

Amanda Addington has over 19 years experience in the residential real estate industry and holds a Bachelor's Degree in Business Management. She has been a licensed REALTORĀ® for 11 years with over $70....

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