The Long & Foster Market Minute

Focus On: Caroline County Housing Market December 2019

Units Sold
33
Active Inventory
85
Median Sale Price
$240,000
Days On Market
74
Up 3%
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 9%
Vs. Year Ago
Up
Vs. Year Ago

Units Sold
The number of units sold remained stable in December, with 33 sold this month in Caroline County Real Estate. This month's total units sold was higher than at this time last year, an increase of 42% versus December 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 49 units or 37%. The total number of active inventory this December was 85 compared to 134 in December 2018. This month's total of 85 is lower than the previous month's total supply of available inventory of 142, a decrease of 40%.

Median Sale Price
Last December, the median sale price for Caroline County Homes was $219,950. This December, the median sale price was $240,000, an increase of 9% or $20,050 compared to last year. The current median sold price is 3% lower than in November.

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


New Listings
18
Current Contracts
23
Sold Vs. List Price
98.9%
Months of Supply
2.6
Down -42%
Vs. Year Ago
Up 10%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -38%
Vs. Year Ago

Months of Supply
In December, there was 2.6 months of supply available in Caroline County, compared to 4.2 in December 2018. That is a decrease of 38% 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 18 homes newly listed for sale in Caroline County compared to 31 in December 2018, a decrease of 42%. There were 23 current contracts pending sale this December compared to 21 a year ago. The number of current contracts is 10% higher than last December.

Sale Price to List Price Ratio
In December, the average sale price in Caroline County was 98.9% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 74, higher than the average last year, which was 41. This increase was impacted by the limited number of sales.

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.