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| Focus On: Talbot County Housing Market | September 2021 | ||
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| Units Sold 68 |
Active Inventory 128 |
Median Sale Price $399,000 |
Days On Market 31 |
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| Down Vs. Year Ago |
Down -40% Vs. Year Ago |
Down -18% Vs. Year Ago |
Down -73% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in September, with 68 sold this month in Talbot County Real Estate. This month's total units sold was lower than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 84 units or 40%. The total number of active inventory this September was 128 compared to 212 in September 2020. This month's total of 128 is lower than the previous month's total supply of available inventory of 130, a decrease of 2%. |
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Median Sale Price
Last September, the median sale price for Talbot County Homes was $483,750. This September, the median sale price was $399,000, a decrease of 18% or $84,750 compared to last year. The current median sold price is 13% lower 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 71 |
Current Contracts 65 |
Sold Vs. List Price 96.7% |
Months of Supply 1.9 |
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| Down -37% Vs. Year Ago |
Down -34% Vs. Year Ago |
Up 2.2% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In September, there was 1.9 months of supply available in Talbot County. The amount of supply is similar compared to 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 71 homes newly listed for sale in Talbot County compared to 112 in September 2020, a decrease of 37%. There were 65 current contracts pending sale this September compared to 98 a year ago. The number of current contracts is 34% lower than last September. |
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Sale Price to List Price Ratio
In September, the average sale price in Talbot County was 96.7% of the average list price, which is 2.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 31, lower than the average last year, which was 115, a decrease of 73%. | |||
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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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