Our newest editions on the real estate market here in Calvert County bring new data and changes worth reviewing:
June Highlights-
- Homes are selling faster than recent months have reported. On average, a house is on the market for about a month less than before, which is a pleasant decrease in the waiting period for sellers.
- The average listing price of a home is back under $300,000.00 like it was in previous months. The last time we saw over $300,000.00 for a home listing was back in January. It is definitely a buyer’s market right now.
- The number of homes sold are holding steady since last month at a little over 100 homes this month. This is significant as this is only the second time home sales have broken 100 in a year.
Some noticeable differences in our July report below:
- There was a drop in sales from June to July with 57 total homes sold. The decrease in sales could be due to summer vacations and busy summer schedules. Hopefully things will pick back up next month.
- Great news! On average this report, homes were on the market less than 100 days, giving confidence to homeowners selling their properties.
- The “sold price” for homes is back over $300,000.00 after decreasing last month to around $274,000.00. Let’s hope this trend continues for sellers in our county!
