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| AUGUST 2024 | |||
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| Units Sold 135 |
Active Inventory 194 |
Median Sale Price $450,000 |
Days On Market 22 |
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| Up 26% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -4% Vs. Year Ago |
Down -24% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 135 sold this month in Calvert County Real Estate versus 108 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 26% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 2 units or 1%. The total number of active inventory this August was 194 compared to 196 in August 2023. This month's total of 194 is lower than the previous month's total supply of available inventory of 199, a decrease of 3%. |
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Median Sale Price
Last August, the median sale price for Calvert County Homes was $468,000. This August, the median sale price was $450,000, a decrease of 4% or $18,000 compared to last year. The current median sold price is 2% higher than in July. 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 131 |
Current Contracts 113 |
Sold Vs. List Price 100.2% |
Months of Supply 1.4 |
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| Down -10% Vs. Year Ago |
Down -4% Vs. Year Ago |
No Change Vs. Year Ago |
Down -21% Vs. Year Ago |
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Months of Supply
In August, there was 1.4 months of supply available in Calvert County, compared to 1.8 in August 2023. That is a decrease of 22% 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 131 homes newly listed for sale in Calvert County compared to 145 in August 2023, a decrease of 10%. There were 113 current contracts pending sale this August compared to 118 a year ago. The number of current contracts is 4% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Calvert County was 100.2% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 22, lower than the average last year, which was 29, a decrease of 24%. | |||
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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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