People have been on the fence about the real estate market in Aberdeen, MD. I’ve heard everything from “BRAC (Base Realignment and Closure) wasn’t all it was cracked up to be,” and “they overbuilt the area preparing for what would never happen.” While this could be partly true, I’d like to point out that it could be that the building may have just been done a little too early and that the market in Aberdeen is stronger now than it was at the peak of the Base Realignment.
The Aberdeen, MD real estate market continued a pretty hot trend in August of 2016, with 36 homes changing owners during the period, totaling a robust $6.2 million in sales-- a 12.6% increase over the same month in 2015. Even though the number of homes sold jumped, the average sales price dipped a bit, mainly due to the number of distressed sales in the area. Of the 36 homes that transferred, 11 were either foreclosures or short sales.