The Long & Foster Market Minute

Focus On: Calvert County Housing Market January 2019

Units Sold
69
Active Inventory
469
Median Sale Price
$318,000
Days On Market
104
Down -25%
Vs. Year Ago
Down -11%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 3%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 69 sold this month in Calvert County Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 56 units or 11%. The total number of active inventory this January was 469 compared to 525 in January 2018. This month's total of 469 is lower than the previous month's total supply of available inventory of 554, a decrease of 15%.

Median Sale Price
Last January, the median sale price for Calvert County Homes was $336,501. This January, the median sale price was approximately the same at $318,000. The current median sold price is 5% lower than in January 2018.

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


New Listings
149
Current Contracts
119
Sold Vs. List Price
98.1%
Months of Supply
6.8
Down -3%
Vs. Year Ago
Up 17%
Vs. Year Ago
No Change
Vs. Year Ago
Up 19%
Vs. Year Ago

Months of Supply
In January, there was 6.8 months of supply available in Calvert County, compared to 5.7 in January 2018. That is an increase of 19% 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 149 homes newly listed for sale in Calvert County compared to 154 in January 2018, a decrease of 3%. There were 119 current contracts pending sale this January compared to 102 a year ago. The number of current contracts is 17% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Calvert County was 98.1% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 104, higher than the average last year, which was 101, an increase of 3%.

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.