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| MAY 2025 | |||
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| Units Sold 35 |
Active Inventory 221 |
Median Sale Price $289,990 |
Days On Market 87 |
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| Down Vs. Year Ago |
Up 12% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in May, with 35 sold this month in Dorchester County Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 23 units or 12%. The total number of active inventory this May was 221 compared to 198 in May 2024. This month's total of 221 is higher than the previous month's total supply of available inventory of 198, an increase of 12%. |
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Median Sale Price
Last May, the median sale price for Dorchester County Homes was $276,732. This May, the median sale price was $289,990, an increase of 5% or $13,258 compared to last year. The current median sold price is 22% higher than in April. 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 89 |
Current Contracts 45 |
Sold Vs. List Price 97.7% |
Months of Supply 6.3 |
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| Up 13% Vs. Year Ago |
Down -8% Vs. Year Ago |
No Change Vs. Year Ago |
Up 91% Vs. Year Ago |
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Months of Supply
In May, there was 6.3 months of supply available in Dorchester County, compared to 3.3 in May 2024. That is an increase of 91% 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 89 homes newly listed for sale in Dorchester County compared to 79 in May 2024, an increase of 13%. There were 45 current contracts pending sale this May compared to 49 a year ago. The number of current contracts is 8% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Dorchester County was 97.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 87, higher than the average last year, which was 55. This increase was impacted by the limited number of sales. | |||
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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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