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| FEBRUARY 2025 | |||
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| Units Sold 28 |
Active Inventory 160 |
Median Sale Price $290,000 |
Days On Market 54 |
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| Down -15% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up Vs. Year Ago |
Up 15% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 28 sold this month in Dorchester County Real Estate versus 26 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 15% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 4 units or 2%. The total number of active inventory this February was 160 compared to 164 in February 2024. This month's total of 160 is higher than the previous month's total supply of available inventory of 153, an increase of 5%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last February, the median sale price for Dorchester County Homes was $220,475. This February, the median sale price was $290,000, an increase of $69,525 compared to last year. The current median sold price is higher 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. |
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| New Listings 46 |
Current Contracts 26 |
Sold Vs. List Price 97.3% |
Months of Supply 5.7 |
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| No Change Vs. Year Ago |
Down -46% Vs. Year Ago |
Down -2.7% Vs. Year Ago |
Up 15% Vs. Year Ago |
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Months of Supply
In February, there was 5.7 months of supply available in Dorchester County, compared to 5.0 in February 2024. That is an increase of 15% 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 46 homes newly listed for sale in Dorchester County, which is similar to the amount in February 2024. There were 26 current contracts pending sale this February compared to 48 a year ago. The number of current contracts is 46% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Dorchester County was 97.3% of the average list price, which is 2.7% 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 47, an increase of 15%. |
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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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