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Health & Fitness

Aberdeen Real Estate June of 2012

Real Estate Market conditions for Aberdeen, MD

The real estate market in Aberdeen, MD showed a small amount of growth in June 2011, although the local economy still has some improvement to make. The number of homes that changed owners increased 10 percet from June 2011, although it took 33 percent more time for home sellers to find their home’s buyer.

The average list price is down slightly; from last June’s $184,532 to $172,704 this year. This reduction has been commonplace, since home sale prices have taken even more of a dip recently. The median price of a sold home in Aberdeen, MD during June of 2012 is 16 percent lower than it was during the same month just last year.

Of the homes that sold this June, 32 percent were distressed sales, with 67 percent being short sales (as opposed to foreclosures). This contrasts with last year, where 25 percent of the sales were distressed, of all which at that time being foreclosures.

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For Aberdeen, MD, it is apparent that the Government presence is what is continuing to facilitate the housing market. The strong presence of active and former military members shows in the housing figures for the area, with 27 percent of the homes sold last month being financed through the use of a VA loan. 

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