The Long & Foster Market Minute

Focus On: Abingdon Housing Market March 2018

Zip Code(s): 21009
Units Sold
51
Active Inventory
100
Median Sale Price
$215,000
Days On Market
43
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 2%
Vs. Year Ago
Down -33%
Vs. Year Ago
Down -11%
Vs. Year Ago
Down -32%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 51 sold this month in Abingdon Real Estate. This month's total units sold was higher than at this time last year.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 50 units or 33%. The total number of active inventory this March was 100 compared to 150 in March 2017. This month's total of 100 is lower than the previous month's total supply of available inventory of 108, a decrease of 7%.

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Median Sale Price
Last March, the median sale price for Abingdon Homes was $240,450. This March, the median sale price was $215,000, a decrease of 11% or $25,450 compared to last year. The current median sold price is 2% lower than in February.

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
76
Current Contracts
71
Sold Vs. List Price
98.2%
Months of Supply
2.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -20%
Vs. Year Ago
Down -7%
Vs. Year Ago
Down -0.6%
Vs. Year Ago
Down -35%
Vs. Year Ago

Months of Supply
In March, there was 2.0 months of supply available in Abingdon, compared to 3.0 in March 2017. That is a decrease of 35% 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 76 homes newly listed for sale in Abingdon compared to 95 in March 2017, a decrease of 20%. There were 71 current contracts pending sale this March compared to 76 a year ago. The number of current contracts is 7% lower than last March.

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Sale Price to List Price Ratio
In March, 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.

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Days on Market
This month, the average number of days on market was 43, lower than the average last year, which was 63, a decrease of 32%.

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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.