Caroline County Housing Market Data

With relatively few transactions, there was an increase in total units sold in December, with 30 sold this month in Caroline County Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2021.

Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this December was 68 compared to 69 in December 2021. This month's total of 68 is lower than the previous month's total supply of available inventory of 69, a decrease of 1%.

Last December, the median sale price for Caroline County Homes was $307,500. This December, the median sale price was $271,500, a decrease of 12% or $36,000 compared to last year. The current median sold price is 3% lower than in November.

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

In December, there was 2.3 months of supply available in Caroline County, compared to 1.4 in December 2021. That is an increase of 68% 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 23 homes newly listed for sale in Caroline County compared to 27 in December 2021, a decrease of 15%. There were 21 current contracts pending sale this December, consistent with the volume a year ago. The number of current contracts is 9% lower than last month.

In December, the average sale price in Caroline County was 98.1% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 59, higher than the average last year, which was 36. This increase was impacted by the limited number of sales.





Focus On: Caroline County Housing Market			December 2022

Units Sold 30	Active Inventory 68	Median Sale Price $271,500	Days On Market 59

Down Vs. Year Ago	Down -1% Vs. Year Ago	Down -12% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in December, with 30 sold this month in Caroline County Real Estate. This month's total units sold was lower than at this time last year, a decrease from December 2021.
Active Inventory Versus last year, the total number of homes available this month is lower by 1 units or 1%. The total number of active inventory this December was 68 compared to 69 in December 2021. This month's total of 68 is lower than the previous month's total supply of available inventory of 69, a decrease of 1%.
		Median Sale Price Last December, the median sale price for Caroline County Homes was $307,500. This December, the median sale price was $271,500, a decrease of 12% or $36,000 compared to last year. The current median sold price is 3% lower than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 23	Current Contracts 21	Sold Vs. List Price 98.1%	Months of Supply 2.3

Down -15% Vs. Year Ago	No Change Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 68% Vs. Year Ago


		Months of Supply In December, there was 2.3 months of supply available in Caroline County, compared to 1.4 in December 2021. That is an increase of 68% 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 23 homes newly listed for sale in Caroline County compared to 27 in December 2021, a decrease of 15%. There were 21 current contracts pending sale this December, consistent with the volume a year ago. The number of current contracts is 9% lower than last month.
		Sale Price to List Price Ratio In December, the average sale price in Caroline County was 98.1% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 59, higher than the average last year, which was 36. 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.