 |
|||
 |
|||
| | |||
| FEBRUARY 2025 | |||
| | |||
| Units Sold 24 |
Active Inventory 84 |
Median Sale Price $265,450 |
Days On Market 78 |
|
|
|
|
|
| No Change Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -21% Vs. Year Ago |
Up Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in February, with 24 sold this month in Caroline County Real Estate, an increase of 85%. This month's total units sold is similar compared to a year ago. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 5 units or 6%. The total number of active inventory this February was 84 compared to 79 in February 2024. This month's total of 84 is higher than the previous month's total supply of available inventory of 78, an increase of 8%. |
|||
Median Sale Price
Last February, the median sale price for Caroline County Homes was $337,250. This February, the median sale price was $265,450, a decrease of 21% or $71,800 compared to last year. The current median sold price is 7% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 31 |
Current Contracts 19 |
Sold Vs. List Price 95.9% |
Months of Supply 3.5 |
|
|
|
|
|
| Up 15% Vs. Year Ago |
Up 12% Vs. Year Ago |
Down -4.1% Vs. Year Ago |
Up 6% Vs. Year Ago |
| | |||
Months of Supply
In February, there was 3.5 months of supply available in Caroline County, compared to 3.3 in February 2024. That is an increase of 6% 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 31 homes newly listed for sale in Caroline County compared to 27 in February 2024, an increase of 15%. There were 19 current contracts pending sale this February compared to 17 a year ago. The number of current contracts is 12% higher than last February. |
|||
Sale Price to List Price Ratio
In February, the average sale price in Caroline County was 95.9% of the average list price, which is 4.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 78, higher than the average last year, which was 51. 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. |
|||