The Long & Foster Market Minute

Focus On: Abingdon Housing Market December 2017

Zip Code(s): 21009
Units Sold
33
Active Inventory
120
Median Sale Price
$236,900
Days On Market
39
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -27%
Vs. Year Ago
Down -20%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -39%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in December, with 33 sold this month in Abingdon Real Estate versus 49 last month, a decrease of 33%. This month's total units sold was lower than at this time last year, a decrease of 27% versus December 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 30 units or 20%. The total number of active inventory this December was 120 compared to 150 in December 2016. This month's total of 120 is lower than the previous month's total supply of available inventory of 136, a decrease of 12%.

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Median Sale Price
Last December, the median sale price for Abingdon Homes was $215,000. This December, the median sale price was $236,900, an increase of 10% or $21,900 compared to last year. The current median sold price is 10% higher 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.

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New Listings
39
Current Contracts
34
Sold Vs. List Price
98.8%
Months of Supply
3.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 39%
Vs. Year Ago
Up 3%
Vs. Year Ago
No Change
Vs. Year Ago
Up 9%
Vs. Year Ago

Months of Supply
In December, there was 3.6 months of supply available in Abingdon, compared to 3.3 in December 2016. That is an increase of 9% 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.

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New Listings & Current Contracts
This month there were 39 homes newly listed for sale in Abingdon compared to 28 in December 2016, an increase of 39%. There were 34 current contracts pending sale this December compared to 33 a year ago. The number of current contracts is 3% higher than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Abingdon was 98.8% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 39, lower than the average last year, which was 64, a decrease of 39%.

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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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.