New Downward Trend in Contracts for Frederickson Real Estate Market

Sales fell to 26 homes sold in the Frederickson market over the last 30 days. Furthermore, an emerging downturn in the number of pending transactions continued, with 39 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices are coming down in Frederickson, and for this period the median sales price slid from $265,000 to $259,975. In spite of contracts trending lower, there is only one month of inventory available, which signals that Frederickson is a still solid seller's market.

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Demographic facts for Frederickson:

  • The total number of vacant homes in the area is 5.6%.
  • This area usually gets 137 sunny days each year. (U.S. average: 205)
  • The student-to-librarian ratio is 490:1. (803:1 = national average)

Data reported through 10/12/2016

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