 |
|||
 |
|||
| | |||
| APRIL 2025 | |||
| | |||
| Units Sold 46 |
Active Inventory 215 |
Median Sale Price $480,000 |
Days On Market 62 |
|
|
|
|
|
| No Change Vs. Year Ago |
Up 24% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 100% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in April, with 46 sold this month in Talbot County Real Estate, an increase of 28%. This month's total units sold is similar compared to a year ago. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 41 units or 24%. The total number of active inventory this April was 215 compared to 174 in April 2024. This month's total of 215 is higher than the previous month's total supply of available inventory of 201, an increase of 7%. |
|||
Median Sale Price
Last April, the median sale price for Talbot County Homes was $470,000. This April, the median sale price was $480,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 10% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 82 |
Current Contracts 55 |
Sold Vs. List Price 94.8% |
Months of Supply 4.7 |
|
|
|
|
|
| Up 2% Vs. Year Ago |
Down -2% Vs. Year Ago |
Down -2.7% Vs. Year Ago |
Up 24% Vs. Year Ago |
| | |||
Months of Supply
In April, there was 4.7 months of supply available in Talbot County, compared to 3.8 in April 2024. That is an increase of 24% 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. |
|||
New Listings & Current Contracts
This month there were 82 homes newly listed for sale in Talbot County compared to 80 in April 2024, an increase of 3%. There were 55 current contracts pending sale this April compared to 56 a year ago. The number of current contracts is 2% lower than last April. |
|||
Sale Price to List Price Ratio
In April, the average sale price in Talbot County was 94.8% 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 62, higher than the average last year, which was 31, an increase of 100%. | |||
 |
|||
| *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. |
|||