The Long & Foster Market Minute

Focus On: Carroll County Housing Market June 2020

Units Sold
270
Active Inventory
287
Median Sale Price
$345,000
Days On Market
42
Up 4%
Vs. Year Ago
Down -52%
Vs. Year Ago
No Change
Vs. Year Ago
Up 17%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 270 sold this month in Carroll County Real Estate versus 225 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 4% versus June 2019.

Active Inventory
Versus last year, the total number of homes available this month is lower by 313 units or 52%. The total number of active inventory this June was 287 compared to 600 in June 2019. This month's total of 287 is lower than the previous month's total supply of available inventory of 373, a decrease of 23%.

Median Sale Price
Last June, the median sale price for Carroll County Homes was $345,000. This June, the median sale price was approximately the same at $345,000. The current median sold price is also similar to the median price 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
304
Current Contracts
324
Sold Vs. List Price
99.3%
Months of Supply
1.1
Down -1%
Vs. Year Ago
Up 36%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Carroll County, compared to 2.3 in June 2019. That is a decrease of 54% 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 304 homes newly listed for sale in Carroll County compared to 308 in June 2019, a decrease of 1%. There were 324 current contracts pending sale this June compared to 239 a year ago. The number of current contracts is 36% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Carroll County was 99.3% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 42, higher than the average last year, which was 36, an increase of 17%.

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.