CAROLINE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in July, with 31 sold this month in Caroline County Real Estate versus 27 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 6% versus July 2023.

The total number of homes available this month is 81 units, which is similar compared to a year ago. This month's total of 81 is higher than the previous month's total supply of available inventory of 73, an increase of 11%.

Last July, the median sale price for Caroline County Homes was $279,500. This July, the median sale price was $335,000, an increase of 20% or $55,500 compared to last year. The current median sold price is 12% higher than in June.

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

In July, there was 2.6 months of supply available in Caroline County, compared to 2.5 in July 2023. 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.

This month there were 50 homes newly listed for sale in Caroline County compared to 40 in July 2023, an increase of 25%. There were 37 current contracts pending sale this July compared to 25 a year ago. The number of current contracts is 48% higher than last July.

In July, the average sale price in Caroline County was 98.0% of the average list price, which is 2.1% lower than at this time last year.

This month, the average number of days on market was 54, higher than the average last year, which was 50, an increase of 8%.





FOCUS ON: CAROLINE COUNTY HOUSING MARKET			JULY 2024

Units Sold 31	Active Inventory 81	Median Sale Price $335,000	Days On Market 54

Down -6% Vs. Year Ago	No Change Vs. Year Ago	Up 20% Vs. Year Ago	Up 8% Vs. Year Ago


		Units Sold There was an increase in total units sold in July, with 31 sold this month in Caroline County Real Estate versus 27 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 6% versus July 2023.
Active Inventory The total number of homes available this month is 81 units, which is similar compared to a year ago. This month's total of 81 is higher than the previous month's total supply of available inventory of 73, an increase of 11%.
		Median Sale Price Last July, the median sale price for Caroline County Homes was $279,500. This July, the median sale price was $335,000, an increase of 20% or $55,500 compared to last year. The current median sold price is 12% higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 50	Current Contracts 37	Sold Vs. List Price 98.0%	Months of Supply 2.6

Up 25% Vs. Year Ago	Up 48% Vs. Year Ago	Down -2.1% Vs. Year Ago	Up 7% Vs. Year Ago


		Months of Supply In July, there was 2.6 months of supply available in Caroline County, compared to 2.5 in July 2023. 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 50 homes newly listed for sale in Caroline County compared to 40 in July 2023, an increase of 25%. There were 37 current contracts pending sale this July compared to 25 a year ago. The number of current contracts is 48% higher than last July.
		Sale Price to List Price Ratio In July, the average sale price in Caroline County was 98.0% of the average list price, which is 2.1% lower than at this time last year. Days on Market This month, the average number of days on market was 54, higher than the average last year, which was 50, an increase of 8%.



	*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.