Caroline County Housing Market Data

There was an increase in total units sold in October, with 30 sold this month in Caroline County Real Estate versus 24 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 20% versus October 2022.

Versus last year, the total number of homes available this month is lower by 8 units or 10%. The total number of active inventory this October was 70 compared to 78 in October 2022. This month's total of 70 is lower than the previous month's total supply of available inventory of 77, a decrease of 9%.

Last October, the median sale price for Caroline County Homes was $275,000. This October, the median sale price was $315,000, an increase of 15% or $40,000 compared to last year. The current median sold price is 11% higher 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.

In October, there was 2.3 months of supply available in Caroline County, compared to 3.1 in October 2022. That is a decrease of 25% 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.

This month there were 28 homes newly listed for sale in Caroline County compared to 33 in October 2022, a decrease of 15%. There were 30 current contracts pending sale this October compared to 18 a year ago. The number of current contracts is 67% higher than last October.

In October, the average sale price in Caroline County was 99.0% of the average list price, which is 2.1% higher than at this time last year.

This month, the average number of days on market was 57, higher than the average last year, which was 35. This increase was impacted by the limited number of sales.





Focus On: Caroline County Housing Market			October 2023

Units Sold 30	Active Inventory 70	Median Sale Price $315,000	Days On Market 57

Up 20% Vs. Year Ago	Down -10% Vs. Year Ago	Up 15% Vs. Year Ago	Up Vs. Year Ago


		Units Sold There was an increase in total units sold in October, with 30 sold this month in Caroline County Real Estate versus 24 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 20% versus October 2022.
Active Inventory Versus last year, the total number of homes available this month is lower by 8 units or 10%. The total number of active inventory this October was 70 compared to 78 in October 2022. This month's total of 70 is lower than the previous month's total supply of available inventory of 77, a decrease of 9%.
		Median Sale Price Last October, the median sale price for Caroline County Homes was $275,000. This October, the median sale price was $315,000, an increase of 15% or $40,000 compared to last year. The current median sold price is 11% higher 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 28	Current Contracts 30	Sold Vs. List Price 99.0%	Months of Supply 2.3

Down -15% Vs. Year Ago	Up 67% Vs. Year Ago	Up 2.2% Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In October, there was 2.3 months of supply available in Caroline County, compared to 3.1 in October 2022. That is a decrease of 25% 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 28 homes newly listed for sale in Caroline County compared to 33 in October 2022, a decrease of 15%. There were 30 current contracts pending sale this October compared to 18 a year ago. The number of current contracts is 67% higher than last October.
		Sale Price to List Price Ratio In October, the average sale price in Caroline County was 99.0% of the average list price, which is 2.1% higher than at this time last year. Days on Market This month, the average number of days on market was 57, higher than the average last year, which was 35. This increase was impacted by the limited number of sales.



	*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.
	Information 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.