Aberdeen, MD Real Estate for June 2012

The real estate market in Aberdeen, MD showed some positivity in June, 2011, although the local economy still has some improvement to make. The number of homes that sold increased 10% from June 2011, although it took 33% more time for sellers to find their home’s buyer.

The average list price is down slightly; from last June’s $184,532 to $172,704 this year. This reduction has been a necessity, since home sale prices have taken even more of a dip recently. The median price of a sold home in Aberdeen, MD during June of 2012 is 16% lower than it was during the same month only a year ago. Of the homes that sold this June, 32% were distressed sales, with 67% of those being short sales (as opposed to foreclosures). This is almost exactly opposite to last year, with 25% of the sales being distressed, of all which at that time being foreclosures. For Aberdeen, MD, it is apparent that the obvious factors are what are continuing to facilitate the housing market. The strong presence of active and former military members shows in the housing figures for the area, with 27% of the homes sold last month being financed through the use of a VA loan.