The Long & Foster Market Minute
Focus On: Calvert County Housing Market June 2017
Units Sold
185
Active Inventory
686
Median Sale Price
$335,100
Days On Market
69
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 3%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -15%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in June, with 185 sold this month in Calvert County Real Estate versus 193 last month, a decrease of 4%. This month's total units sold was higher than at this time last year, an increase of 3% versus June 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 141 units or 17%. The total number of active inventory this June was 686 compared to 827 in June 2016. This month's total of 686 is higher than the previous month's total supply of available inventory of 666, an increase of 3%.

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Median Sale Price
Last June, the median sale price for Calvert County Homes was $301,000. This June, the median sale price was $335,100, an increase of 11% or $34,100 compared to last year. The current median sold price is 10% 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.

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New Listings
289
Current Contracts
192
Sold Vs. List Price
99.1%
Months of Supply
3.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 9%
Vs. Year Ago
Up 12%
Vs. Year Ago
Up 0.5%
Vs. Year Ago
Down -19%
Vs. Year Ago
Months of Supply
In June, there was 3.7 months of supply available in Calvert County, compared to 4.6 in June 2016. That is a decrease 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.

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New Listings & Current Contracts
This month there were 289 homes newly listed for sale in Calvert County compared to 266 in June 2016, an increase of 9%. There were 192 current contracts pending sale this June compared to 172 a year ago. The number of current contracts is 12% higher than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Calvert County was 99.1% of the average list price, which is 0.5% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 69, lower than the average last year, which was 81, a decrease of 15%.

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*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 MRIS 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 MRIS or Long & Foster Real Estate, Inc.