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| MAY 2025 | |||
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| Units Sold 50 |
Active Inventory 239 |
Median Sale Price $548,500 |
Days On Market 53 |
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| Down -12% Vs. Year Ago |
Up 24% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 51% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 50 sold this month in Talbot County Real Estate versus 47 last month, an increase of 6%. This month's total units sold was lower than at this time last year, a decrease of 12% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 46 units or 24%. The total number of active inventory this May was 239 compared to 193 in May 2024. This month's total of 239 is higher than the previous month's total supply of available inventory of 227, an increase of 5%. |
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Median Sale Price
Last May, the median sale price for Talbot County Homes was $530,000. This May, the median sale price was $548,500, an increase of 3% or $18,500 compared to last year. The current median sold price is 14% 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 74 |
Current Contracts 51 |
Sold Vs. List Price 94.9% |
Months of Supply 4.8 |
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| Down -14% Vs. Year Ago |
Down -6% Vs. Year Ago |
No Change Vs. Year Ago |
Up 41% Vs. Year Ago |
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Months of Supply
In May, there was 4.8 months of supply available in Talbot County, compared to 3.4 in May 2024. That is an increase of 41% 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 74 homes newly listed for sale in Talbot County compared to 86 in May 2024, a decrease of 14%. There were 51 current contracts pending sale this May compared to 54 a year ago. The number of current contracts is 6% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Talbot County was 94.9% 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 53, higher than the average last year, which was 35, an increase of 51%. | |||
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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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