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| FEBRUARY 2025 | |||
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| Units Sold 30 |
Active Inventory 152 |
Median Sale Price $415,000 |
Days On Market 66 |
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| Down -9% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up Vs. Year Ago |
Up Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 30 sold this month in Talbot County Real Estate versus 39 last month, a decrease of 23%. This month's total units sold was lower than at this time last year, a decrease of 9% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 12 units or 9%. The total number of active inventory this February was 152 compared to 140 in February 2024. This month's total of 152 is lower than the previous month's total supply of available inventory of 160, a decrease 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 Talbot County Homes was $355,000. This February, the median sale price was $415,000, an increase of $60,000 compared to last year. The current median sold price is lower 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 43 |
Current Contracts 36 |
Sold Vs. List Price 93.2% |
Months of Supply 5.1 |
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| Down -46% Vs. Year Ago |
Down -28% Vs. Year Ago |
Down -3% Vs. Year Ago |
Up 20% Vs. Year Ago |
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Months of Supply
In February, there was 5.1 months of supply available in Talbot County, compared to 4.2 in February 2024. That is an increase of 19% 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 43 homes newly listed for sale in Talbot County compared to 80 in February 2024, a decrease of 46%. There were 36 current contracts pending sale this February compared to 50 a year ago. The number of current contracts is 28% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Talbot County was 93.2% of the average list price, which is 2.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 66, higher than the average last year, which was 35. 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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