The market for Aberdeen, MD real estate seemed to show some signs of recovery when compared to the numbers that we saw in May, but overall, the figures seemed to mirror what is going on in the rest of the county.
The average sold price took a 12% dip to $179,090, and the median sold price made a similar drop, ending up at $197,500. The days on market increased to 87 days from 71.
Based on the fact that there are 171 active listings on the market, there is approximately 8 ½ months of inventory of real estate in Aberdeen, MD.
It is clear that the pending contracts are also increasing, so the trend looks to be moving upward. Much of the activity from BRAC seems to be waning, but it is still likely that many of these people who rented initially will be buying over the next couple of years. Also, the employment picture has been showing some strength in our region, while rates and prices continue to stay low.
Listings can be searched at www.scottmillerrealestate.com.
Additional information can be found at http://www.scottmillerrealestate.com/aberdeenmdrealestate.html.
