The changes in the numbers during the month of August in the Aberdeen, MD real estate market really weren’t indicative of the fact that things really haven’t improved much. There were 184 active listings during this time last year, compared to 166 this year. 17 homes changed hands in Aberdeen last year during August, and this year there were 22 settlements in August. Of the homes that sold, 18 of them used financing, so it is likely that many of them are owner-occupants.
Showing posts with label Homes in Aberdeen MD. Show all posts
Showing posts with label Homes in Aberdeen MD. Show all posts
Tuesday, October 25, 2011
Saturday, July 16, 2011
Aberdeen MD Real Estate June 2011
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.
Tuesday, April 12, 2011
Aberdeen MD Real Estate: March '11
The market started to heat up in Aberdeen, MD during March, 2011- the most recent month for which complete data is available. 23 Homes sold in the town during that time, which was actually an increase of 15% over the same time during March a year ago. The average home price was $145,000, and the average amount of time that it took to sell the homes was 147 days.
The investors were definitely out in droves, taking advantage of the low prices that are still prevalent in the market. 10 of the 23 homes that sold in March were cash deals, 6 were conventional, 5 of the buyers used FHA financing, and 2 benefited from a VA-insured loan. This shows that much of the buying is opportunistic, but that we should expect the rate of owner-occupant purchasing to increase as the economy improves.
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