Frederick Maryland Real Estate - Oct. 2008 Market Snap Shot - Bill Price

Inventory: Trend is down.

Inventory peaked in July 2008 at approximately 1980 homes

Inventory reported for September 2008 was approximately 1845 homes

Inventory reported for October 2008 was approximately 1794 homes

Active listings: Trend is down

Year to date through October 2008 was 1794 homes down 8.9% from October, 2007

Contracts: Trend is down

Year to date contract through October 2008 was 1835 down 13% from October 2007

Average Selling Price: Trend is down

On a downward trend since 2006. Currently $320,395 down from $364,008 in 2007

DATA SOURCE: Metropolitan Regional Information Systems, Inc. (MRIS)