Blog

Abingdon MD Real Estate from August 2016
By Scott
October 6, 2016

While we’re still waiting for the final numbers to come in for September, we can still take a look at what happened in residential real estate in Abingdon, MD during the month of August, 2016. It Is no surprise that in what is usually a fairly hot market, there was a ton of activity. But despite the sheer volume of sales in such a small market, some of the metrics are actually down from a year ago.

The total sales volume was just over $13 million for the month, made up from 59 closed sales. The amount of closed homes was actually up over 58% from last August, but the median sales price is down 16.7%, meaning that there were a lot more homes sold at lower prices. It also took slightly longer to sell a home in Abingdon this year as opposed to last year; the average length of time it took to sell a home that closed in Abingdon in August was 58 days.

The highest sales price for the month was a single family residence in Monmouth Meadows on Royal drive, which sold for $415,000. Of all of the rest of the sales, there were four condos, 30 townhomes, and 25 single family properties.

If you would like more detailed information about the activity in your area, we have access to tools and processes that are exclusive to our firm. Give us a call at (443) 866-6728, email scott@highpowerrealty.com, or visit www.highpowerrealty.com for more information.