The Long & Foster Market Minute

Focus On: Abingdon Housing Market March 2021

Zip Code(s): 21009
Units Sold
59
Active Inventory
14
Median Sale Price
$255,850
Days On Market
13
Up 34%
Vs. Year Ago
Down -79%
Vs. Year Ago
Up 3%
Vs. Year Ago
Down -63%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 59 sold this month in Abingdon Real Estate versus 45 last month, an increase of 31%. This month's total units sold was higher than at this time last year, an increase of 34% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 52 units or 79%. The total number of active inventory this March was 14 compared to 66 in March 2020. This month's total of 14 is lower than the previous month's total supply of available inventory of 18, a decrease of 22%.

Median Sale Price
Last March, the median sale price for Abingdon Homes was $248,500. This March, the median sale price was $255,850, an increase of 3% or $7,350 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.


New Listings
68
Current Contracts
66
Sold Vs. List Price
100.5%
Months of Supply
0.2
Down -7%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -84%
Vs. Year Ago

Months of Supply
In March, there was 0.2 months of supply available in Abingdon, compared to 1.5 in March 2020. That is a decrease of 84% 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 68 homes newly listed for sale in Abingdon compared to 73 in March 2020, a decrease of 7%. There were 66 current contracts pending sale this March compared to 62 a year ago. The number of current contracts is 6% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Abingdon was 100.5% of the average list price, which is 0.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 13, lower than the average last year, which was 35, a decrease of 63%.

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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc.