Price Cuts Bottom in Huntingtown Real Estate Market

The Huntingtown market is getting more expensive. While sales continued a four-week negative trend, bringing this week's numbers down to one home sold over the last 30 days, price reductions have slowed to their lowest number since April, with three reported this week. During the same time frame, Greater Upper Marlboro had the most of any other neighboring municipalities with 32 price reductions. A months of inventory number of 29 reported this week continued a four-week upward trend, to go along with the weak number of price reductions in the area. In spite of the downturn in price reductions, such a large amount of inventory means that Huntingtown is still a definite buyer's market.

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Demographic facts for Huntingtown:

  • The median age of the population is 40 years old.
  • The area's health cost index score is 103.4. (100 = national average)
  • The area's commuter length breakdown is: <15 min (20.3%), 15-29 min (22.2%), 30-44 min (13.2%), 45-59 min (20.0%), >60 min (24.3%).

Data reported through 10/13/2016

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