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| Focus On: Dorchester County Housing Market | September 2021 | ||
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| Units Sold 51 |
Active Inventory 118 |
Median Sale Price $273,000 |
Days On Market 30 |
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| Up 2% Vs. Year Ago |
Down -24% Vs. Year Ago |
Up 28% Vs. Year Ago |
Down -65% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 51 sold this month in Dorchester County Real Estate versus 66 last month, a decrease of 23%. This month's total units sold was higher than at this time last year, an increase of 2% versus September 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 37 units or 24%. The total number of active inventory this September was 118 compared to 155 in September 2020. This month's total of 118 is lower than the previous month's total supply of available inventory of 122, a decrease of 3%. |
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Median Sale Price
Last September, the median sale price for Dorchester County Homes was $214,000. This September, the median sale price was $273,000, an increase of $59,000 compared to last year. The current median sold price is higher than in August. 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 63 |
Current Contracts 51 |
Sold Vs. List Price 97.3% |
Months of Supply 2.3 |
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| Down -5% Vs. Year Ago |
Down -9% Vs. Year Ago |
Down -1.9% Vs. Year Ago |
Down -25% Vs. Year Ago |
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Months of Supply
In September, there was 2.3 months of supply available in Dorchester County, compared to 3.1 in September 2020. That is a decrease of 25% 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 63 homes newly listed for sale in Dorchester County compared to 66 in September 2020, a decrease of 5%. There were 51 current contracts pending sale this September compared to 56 a year ago. The number of current contracts is 9% lower than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Dorchester County was 97.3% of the average list price, which is 1.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 30, lower than the average last year, which was 85, a decrease of 65%. | |||
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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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