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| Focus On: Queen Anne's County Housing Market | October 2023 | ||
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| Units Sold 51 |
Active Inventory 151 |
Median Sale Price $525,000 |
Days On Market 28 |
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| Down -6% Vs. Year Ago |
Down -13% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -10% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in October, with 51 sold this month in Queen Anne's County Real Estate versus 63 last month, a decrease of 19%. This month's total units sold was lower than at this time last year, a decrease of 6% versus October 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 23 units or 13%. The total number of active inventory this October was 151 compared to 174 in October 2022. This month's total of 151 is lower than the previous month's total supply of available inventory of 171, a decrease of 12%. |
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Median Sale Price
Last October, the median sale price for Queen Anne's County Homes was $483,750. This October, the median sale price was $525,000, an increase of 9% or $41,250 compared to last year. The current median sold price is 8% lower 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. |
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| New Listings 76 |
Current Contracts 67 |
Sold Vs. List Price 99.2% |
Months of Supply 3.0 |
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| Up 6% Vs. Year Ago |
Up 26% Vs. Year Ago |
Up 0.6% Vs. Year Ago |
Down -8% Vs. Year Ago |
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Months of Supply
In October, there was 3.0 months of supply available in Queen Anne's County, compared to 3.2 in October 2022. That is a decrease of 8% 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 76 homes newly listed for sale in Queen Anne's County compared to 72 in October 2022, an increase of 6%. There were 67 current contracts pending sale this October compared to 53 a year ago. The number of current contracts is 26% higher than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Queen Anne's County was 99.2% of the average list price, which is 0.6% higher than at this time last year. Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 31, a decrease of 10%. | |||
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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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