The Long & Foster Market Minute

Focus On: Caroline County Housing Market June 2021

Units Sold
75
Active Inventory
49
Median Sale Price
$303,900
Days On Market
9
Up 23%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -74%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 75 sold this month in Caroline County Real Estate versus 72 last month, an increase of 4%. This month's total units sold was higher than at this time last year, an increase of 23% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 18 units or 27%. The total number of active inventory this June was 49 compared to 67 in June 2020. This month's total of 49 is higher than the previous month's total supply of available inventory of 46, an increase of 7%.

Median Sale Price
Last June, the median sale price for Caroline County Homes was $257,500. This June, the median sale price was $303,900, an increase of 18% or $46,400 compared to last year. The current median sold price is 6% higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
70
Current Contracts
60
Sold Vs. List Price
101.5%
Months of Supply
0.7
Up 37%
Vs. Year Ago
Down -10%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -41%
Vs. Year Ago

Months of Supply
In June, there was 0.7 months of supply available in Caroline County, compared to 1.1 in June 2020. That is a decrease of 41% 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 70 homes newly listed for sale in Caroline County compared to 51 in June 2020, an increase of 37%. There were 60 current contracts pending sale this June compared to 67 a year ago. The number of current contracts is 10% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Caroline County was 101.5% of the average list price, which is 2.6% higher than at this time last year.

Days on Market
This month, the average number of days on market was 9, lower than the average last year, which was 35, a decrease of 74%.

The Long & Foster Market Minute
*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.