The Long & Foster Market Minute

Focus On: Abingdon Housing Market December 2018

Zip Code(s): 21009
Units Sold
34
Active Inventory
97
Median Sale Price
$219,700
Days On Market
62
Up
Vs. Year Ago
Down -17%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 11%
Vs. Year Ago

Units Sold
With relatively few transactions, there was a decrease in total units sold in December, with 34 sold this month in Abingdon Real Estate. This month's total units sold was higher than at this time last year, an increase from December 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 20 units or 17%. The total number of active inventory this December was 97 compared to 117 in December 2017. This month's total of 97 is lower than the previous month's total supply of available inventory of 119, a decrease of 18%.

Median Sale Price
Last December, the median sale price for Abingdon Homes was $243,400. This December, the median sale price was $219,700, a decrease of 10% or $23,700 compared to last year. The current median sold price is 8% lower than in November.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
23
Current Contracts
24
Sold Vs. List Price
98.2%
Months of Supply
2.9
Down -41%
Vs. Year Ago
Down -29%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -22%
Vs. Year Ago

Months of Supply
In December, there was 2.9 months of supply available in Abingdon, compared to 3.7 in December 2017. That is a decrease of 22% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 23 homes newly listed for sale in Abingdon compared to 39 in December 2017, a decrease of 41%. There were 24 current contracts pending sale this December compared to 34 a year ago. The number of current contracts is 29% lower than last December.

Sale Price to List Price Ratio
In December, the average sale price in Abingdon was 98.2% of the average list price, which is 0.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 56, an increase of 11%.

The Long & Foster Market Minute Abingdon are defined as properties listed in zip code/s 21009.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.