Paramount-Long Meadow Real Estate Market Sees Sales Down

In this week's report, the number of homes sold in the Paramount-Long Meadow market fell to eight over the past 30 days, a decrease of 11.1% from last week's report, but still above the monthly average. In comparison, nearby Hagerstown had 59 sales in the same time frame, the most of all neighboring cities. Months of inventory were further reduced to three, extending a downward trend to four weeks. With inventory so low in Paramount-Long Meadow, it's still a seller's market, even after taking into consideration the decrease in sales.

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Demographic facts about Paramount-Long Meadow:

  • The average elevation in this area is 588 feet.
  • The median income is $77,301 per household.
  • There are 425 students for every counselor. (513 = national average)

Data reported through 10/12/2016

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