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| Focus On: Talbot County Housing Market | August 2021 | ||
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| Units Sold 82 |
Active Inventory 124 |
Median Sale Price $467,500 |
Days On Market 29 |
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| Up 1% Vs. Year Ago |
Down -42% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -80% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 82 sold this month in Talbot County Real Estate versus 86 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 1% versus August 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 90 units or 42%. The total number of active inventory this August was 124 compared to 214 in August 2020. This month's total of 124 is lower than the previous month's total supply of available inventory of 127, a decrease of 2%. |
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Median Sale Price
Last August, the median sale price for Talbot County Homes was $425,000. This August, the median sale price was $467,500, an increase of 10% or $42,500 compared to last year. The current median sold price is 9% higher than in July. 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 93 |
Current Contracts 84 |
Sold Vs. List Price 98.3% |
Months of Supply 1.5 |
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| Down -2% Vs. Year Ago |
Down -13% Vs. Year Ago |
Up Vs. Year Ago |
Down -43% Vs. Year Ago |
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Months of Supply
In August, there was 1.5 months of supply available in Talbot County, compared to 2.6 in August 2020. That is a decrease of 43% 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 93 homes newly listed for sale in Talbot County compared to 95 in August 2020, a decrease of 2%. There were 84 current contracts pending sale this August compared to 96 a year ago. The number of current contracts is 13% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Talbot County was 98.3% of the average list price, which is higher than at this time last year. Days on Market
This month, the average number of days on market was 29, lower than the average last year, which was 148, a decrease of 80%. | |||
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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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