Metropolitan Statistical Area (MSA):
There is no doubt that the Aberdeen, SD metropolitan statistical area (MSA) has seen some major changes in the housing market over the past few years. The most notable change has been the decrease in home prices, which has made it a buyer's market. According to Zillow, the median home value in Aberdeen is $131,700, which is a decrease of nearly 8% from last year. This trend is expected to continue as more and more people are moving away from cities and into rural areas.
Another trend that has been occurring in the Aberdeen MSA is an increase in foreclosures. This is likely due to the fact that many people are struggling to keep up with their mortgage payments after losing their jobs or taking pay cuts. As a result, there are many great deals to be had on foreclosed homes in this area.
If you're thinking of buying a home in the near future, now is a great time to do so in Aberdeen. Prices are low and there are plenty of properties available, so you're sure to find something that meets your needs and budget.
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