Three Prong Approach: Graphs & Charts
Let’s start the Calvert County MD June 2019 Real Estate Market Analysis with the GetSmartCharts.com Graphs and Charts released mid month by ShowingTime with data provided by BrightMLS every month. This gives an outstanding overview of Days on Market, List to Sales Price Ratio, Market Supply and Demand etc.
Here you go:
Calvert County MD June 2019 Closed Sales are at 168 up from a five year average of 167.
Calvert County MD New June 2019 Pendings of 204 are up from a five year average of 188.
Calvert County MD Active June Listings of 550 are down from a 5 year June average of 691.
The Calvert County MD months of supply for June 2019 are 4.4 which has reduced from a 5 year June average of 5.6 months. This is good for the Seller!
The Calvert County MD New June 2019 Listings are 258 versus the five year June average of 256.
The Calvert County MD June 2019 Median Sales Price of $349,950 is up from the 5 year June average of $322,780.
The Calvert County June 2019 Median List Price for Actives is $399,900 compared to a 5 year June average of $366,938.
The Calvert County Average June 2019 Sales Price of $371,117 is up from a 5 year June average of $347,497.
The Calvert County Maryland Average List Price for June 2019 of $452,685 is up from the 5 year June average of $409,379.
The Calvert County MD Median Days oon Market for June 2019 of 36 days is down from a 5 year June average of 55 days.
The Calvert County MD Average Days on Market for June 2019 of 67 days is down from the five year June Average of 109 Days.
The Calvert County Median Sale to Original List Price Ratio or 100% has improved from the 5 year June average of 98.7%.
The Average Sale to Original List Price Ration for June 2019 of 98.8% has also improved for the Seller from a 5 year June average of 96.7%
The Calvert County MD Median Sales Price for June 2019 of $150 has decreased from an average of $174.
The Calvert County MD Median List price per sq feet on Actives has decreased to $163 from a 5 year June average of $181.
The Calvert County MD June 2019 Average Sales Price per sq foot of $160 has decreased from the 5 year June Average of $181.
Finally, the June 2019 Calvert County MD Average List Price per Sq Ft for Active Listings has decreased to $180 from a 5 year average of $199.
Supply and Demand Interactive Graph
Now let’s cover the Supply and Demand Interactive Graph provided by the same company so we can further delve into the Calvert County MD June 2019 Real Estate Market Analysis. Here’s a list of the definitions of the terms to evaluate the Calvert County MD June 2019 Charts and Graphs.
The Blue Bar, or months of Supply for June 2019, is just over 4 months which indicates more of a Seller’s Market. The formula for this is Months of Supply = (Active Listings at end-of-period / Average monthly sales over last 12 months).
The June 2019 Seller Success Rate, or the Aqua bar, is just over .75 which means a healthy percentage of the inventory is selling. The formula is (# Closed Sales / # Closed Sales + # Released Contracts) . This is the opposite of contract fallout rate.
The gold bar for June 2019 is also over .75 which translates into a healthy New Pending to New Listing Ratio.
The green bar or the Closed Sales absorption rate is over .25 which indicates a Seller’s Market. The formula is Absorption Rate (Closed Sales) = (Closed Sales in period / Active Listings at end-of-period) . Anything over 20% is a Seller’s Market.
The purple bar, or the New Pendings Absorption rate, is also above .25 which indicates Seller’s Advantage. The formula is Absorption Rate (New Pendings) = (New Pendings in period / Active Listings at end-of-period)
The contract ratio, or the red bar below, is over .50 for June 2019. The formula is Contract Ratio = (All Pendings at end-of-period / Active Listings at end-of-period) . The higher the number, the more the market is in the Seller’s favor.
Here are the definitions for GetSmartCharts.com for further clarification.
Spotlight Calvert County Market
Third, let’s glance at the June 2019 Spotlight to see what we can further glean from the Calvert County MD June 2019 Real Estate Market Analysis.
Here you go again
What stands out on the Spotlight Graph below are the 18% to 21% reduction from the previous year for Median and Average Days on Market.
Listings and Seller Marketing Plan
There’s a list of Calvert County $250-450K homes at the very bottom for you to review current Active Listings. Also, I’ve included a Seller Marketing Plan and a Buyer Proposal so you learn the Real Estate steps to Golden Results!
Golden Results for YOU
Would you like a personalized price workout for your zip code and community? Call/Text Cheryl Ritchie at 301-980-7566 or EMail GoldenGirl@GoldenResults.com for the GOLDEN RESULTS you deserve. You’ll Retrieve Golden Results with Cheryl Ritchie, Associate Broker, RE/MAX Leading Edge, for all your Calvert County and Anne Arundel County Real Estate Services.
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