The Frederick housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 9.8% in the past month alone. With 3.5 months of supply, Frederick's inventory levels remain relatively tight. Homes are now taking an average of 48 days to sell, significantly longer than the 24 days typical for this market. Approximately 26.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Frederick market with the affordability index at 351.1. Based on current market indicators, home prices in Frederick are projected to decrease by approximately 8.2% over the next month.
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