Aberdeen MD Real Estate: February '11

It looks like the real estate environment for Aberdeen, MD can be defined as being "hot for investors." The total number of units sold was up by a whopping 125%, and there were actually more all cash deals than there were FHA financed properties during February. The average sold price was down 44.75%, which actually doesn't indicate a slump, but rather, shows that more first time home buyers were in the market than the year before. There was also an above-average number of foreclosures in the market that, at a modest value, encouraged people to come out and spend on homes that they might not otherwise have. Ultimately, we will see a resurgence in the activity for homes in the higher end of the market, along with what will be taking place in the new home sector.

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www.aberdeenmarylandrealestate.org