CAROLINE COUNTY HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in March, with 22 sold this month in Caroline County Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.

Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this March was 93 compared to 92 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Caroline County Homes was $245,000. This March, the median sale price was $257,500, an increase of 5% or $12,500 compared to last year. The current median sold price is 3% lower than in February.

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

In March, there was 4.2 months of supply available in Caroline County, compared to 6.1 in March 2024. That is a decrease of 31% 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 46 homes newly listed for sale in Caroline County compared to 49 in March 2024, a decrease of 6%. There were 37 current contracts pending sale this March compared to 26 a year ago. The number of current contracts is 42% higher than last March.

In March, the average sale price in Caroline County was 96.5% of the average list price, which is 1.0% lower 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 54, an increase of 6%.





FOCUS ON: CAROLINE COUNTY HOUSING MARKET			MARCH 2025

Units Sold 22	Active Inventory 93	Median Sale Price $257,500	Days On Market 57

Up Vs. Year Ago	Up 1% Vs. Year Ago	Up 5% Vs. Year Ago	Up 6% Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in March, with 22 sold this month in Caroline County Real Estate. This month's total units sold was higher than at this time last year, an increase from March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 1 units or 1%. The total number of active inventory this March was 93 compared to 92 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Caroline County Homes was $245,000. This March, the median sale price was $257,500, an increase of 5% or $12,500 compared to last year. The current median sold price is 3% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 46	Current Contracts 37	Sold Vs. List Price 96.5%	Months of Supply 4.2

Down -6% Vs. Year Ago	Up 42% Vs. Year Ago	Down -1% Vs. Year Ago	Down -31% Vs. Year Ago


		Months of Supply In March, there was 4.2 months of supply available in Caroline County, compared to 6.1 in March 2024. That is a decrease of 31% 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 46 homes newly listed for sale in Caroline County compared to 49 in March 2024, a decrease of 6%. There were 37 current contracts pending sale this March compared to 26 a year ago. The number of current contracts is 42% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Caroline County was 96.5% of the average list price, which is 1.0% lower 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 54, an increase of 6%.



	*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.