Aberdeen, WA

There is no doubt that the Aberdeen, WA metropolitan statistical area (MSA) has seen some real estate trends in the housing market over the past few years. Some of these trends have been good for those looking to buy or sell a home, while others have not been so favorable. However, overall, the Aberdeen MSA has remained a relatively stable housing market when compared to other areas of the country.

One of the most notable trends in the Aberdeen MSA has been the decrease in home prices. This trend began around 2013 and has continued through present day. According to Zillow, the median home value in Aberdeen was $129,000 in September 2017, which is down nearly 9% from its peak of $141,000 in June 2016. This decrease in home values can be attributed to a number of factors including an increase in foreclosures and short sales, as well as a general slowdown in the economy.

Despite this decrease in home values, there has still been consistent demand for housing in Aberdeen. This is evidenced by the fact that homes are selling relatively quickly and at close to asking price. In September 2017, homes were selling at an average of 96% of their listing price and they were on the market for an average of just over two months before going under contract.

Overall, it appears that now is a good time to buy a home in Aberdeen if you are able to find one that meets your needs and budget. Prices are down from where they were just a few years ago and there is still strong demand for housing meaning that you are unlikely to find yourself stuck with a property that you cannot sell later on down the road.