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| Focus On: Dorchester County Housing Market | October 2023 | ||
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| Units Sold 45 |
Active Inventory 153 |
Median Sale Price $249,900 |
Days On Market 58 |
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| Down -15% Vs. Year Ago |
Down -4% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 32% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in October, with 45 sold this month in Dorchester County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 27% versus October 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 6 units or 4%. The total number of active inventory this October was 153 compared to 159 in October 2022. This month's total of 153 is lower than the previous month's total supply of available inventory of 164, a decrease of 7%. |
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Median Sale Price
Last October, the median sale price for Dorchester County Homes was $237,365. This October, the median sale price was approximately the same at $249,900. The current median sold price is 5% higher than in October 2022. 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 57 |
Current Contracts 46 |
Sold Vs. List Price 96.1% |
Months of Supply 3.4 |
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| Up 27% Vs. Year Ago |
Up 21% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 13% Vs. Year Ago |
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Months of Supply
In October, there was 3.4 months of supply available in Dorchester County, compared to 3.0 in October 2022. That is an increase of 13% 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 57 homes newly listed for sale in Dorchester County compared to 45 in October 2022, an increase of 27%. There were 46 current contracts pending sale this October compared to 38 a year ago. The number of current contracts is 21% higher than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Dorchester County was 96.1% of the average list price, which is 2.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 58, higher than the average last year, which was 44, an increase of 32%. | |||
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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. | |||
 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. |
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