The Long & Foster Market Minute

Focus On: Abingdon Housing Market July 2018

Zip Code(s): 21009
Units Sold
59
Active Inventory
161
Median Sale Price
$239,000
Days On Market
32
Up 11%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -6%
Vs. Year Ago
Down -16%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in July, with 59 sold this month in Abingdon Real Estate versus 63 last month, a decrease of 6%. This month's total units sold was higher than at this time last year, an increase of 11% versus July 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this July was 161 compared to 162 in July 2017. This month's total of 161 is higher than the previous month's total supply of available inventory of 153, an increase of 5%.

Median Sale Price
Last July, the median sale price for Abingdon Homes was $255,000. This July, the median sale price was $239,000, a decrease of 6% or $16,000 compared to last year. The current median sold price is 7% lower than in June.

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


New Listings
99
Current Contracts
64
Sold Vs. List Price
99.4%
Months of Supply
2.7
Up 32%
Vs. Year Ago
Up 7%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago

Months of Supply
In July, there was 2.7 months of supply available in Abingdon, compared to 3.1 in July 2017. That is a decrease of 11% 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 99 homes newly listed for sale in Abingdon compared to 75 in July 2017, an increase of 32%. There were 64 current contracts pending sale this July compared to 60 a year ago. The number of current contracts is 7% higher than last July.

Sale Price to List Price Ratio
In July, the average sale price in Abingdon was 99.4% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 32, lower than the average last year, which was 38, a decrease of 16%.

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.