The Long & Foster Market Minute

Focus On: Calvert County Housing Market October 2018

Units Sold
123
Active Inventory
632
Median Sale Price
$314,109
Days On Market
87
Down -10%
Vs. Year Ago
Down -2%
Vs. Year Ago
No Change
Vs. Year Ago
Up 12%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 123 sold this month in Calvert County Real Estate versus 139 last month, a decrease of 12%. This month's total units sold was lower than at this time last year, a decrease of 10% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 10 units or 2%. The total number of active inventory this October was 632 compared to 642 in October 2017. This month's total of 632 is lower than the previous month's total supply of available inventory of 656, a decrease of 4%.

Median Sale Price
Last October, the median sale price for Calvert County Homes was $315,000. This October, the median sale price was $314,109, which is similar compared to a year ago. The current median sold price is 2% lower than in September.

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


New Listings
187
Current Contracts
113
Sold Vs. List Price
98.6%
Months of Supply
5.1
Down -10%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -0.7%
Vs. Year Ago
Up 10%
Vs. Year Ago

Months of Supply
In October, there was 5.1 months of supply available in Calvert County, compared to 4.7 in October 2017. That is an increase of 10% 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 187 homes newly listed for sale in Calvert County compared to 207 in October 2017, a decrease of 10%. There were 113 current contracts pending sale this October compared to 117 a year ago. The number of current contracts is 3% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Calvert County was 98.6% of the average list price, which is 0.7% lower than at this time last year.

Days on Market
This month, the average number of days on market was 87, higher than the average last year, which was 78, an increase of 12%.

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.