The Calvert County MD Real Estate Supply and Demand Quarterly Report for June 2019 is shown below. Let’s review the data to ascertain how it affects pricing your home or purchasing a home in Calvert County MD located in Southern Maryland.
Here’s a list of terms compiled by GetSmartCharts.com to use with the data obtained from BrightMLS. The chart below is a Quarterly Report for Supply and Demand in Calvert County MD.
The months of supply is the only missing metric offered. It vacillates just above and just below 4 months which means the Calvert County MD Real Estate Supply and Demand Quarterly Report is teetering toward more of a Seller’s Market each quarter. The chart is easier to read for the other five variables with this Metric removed.
The red bar shows the Contract Ratio for Q3 2018 thru Q2 2019. It rises from .33 to .35 to .56 the last two Quarters. This means that, since a higher contract ratio signifies a relative increase in contracts compared to supply, the market is moving in the Seller’s favor. A lower Contract ratio represents a relative decrease in contracts compared to supply or that the market is moving in the Buyer’s favor. In light of a Spring Market, this makes perfect sense.
The absorption rate for new pendings is purple and the absorption rate for closed sales is green in the chart below. The new pendings raised from .76 to .77 to .96 to 1.12. The absorption rate based on new pendings is the rate homes go to contract in the most recent month relative to the number of active listings at the end of the month. These Calvert County MD Real Estate Supply and Demand data points are critical to both pricing a home or purchasing a home.
Furthermore, the absorption rate for closed sales teetered from .77 to .73 to .66 to .86. To clarify, the absorption rate for closed sales is the rate at which homes are closing an an area in a given time period. The higher the absorption rate, the faster homes are selling relative to the supply. Simply, an absorption rate above 20% is considered a Seller’s Market since it translates, based on a single months sales rate, into 5 months of supply. The absorption rates on new pendings are generally higher due to the 1-2 month lag between closing and the concept that not all pendings close.
The gold bar or the New Pending to New Listing Ratio moved between .74 to .83 to .82 to .73. To explain, read this as “there were x contracts written per new listing this quarter.” So the higher the ratio, the more interest and activity per buyer relative to potential sellers.
Finally, the Seller Success Ratio, or the aqua bar, changed from .84 to .85 to .88 to .86 in the four Quarters displayed. In summation, this is a positive spin on the opposite data set of “Contract Fallout Rate.” Another way to see this data set is that of all the listings that have transitioned from pending status to a successful close, this percentage successfully closed. Looks like the 15% number is the fallout figure range this past year, or roughly 85% is the Seller Success Ratio.
Overall, Calvert County MD Real Estate Supply and Demand looks like a Good Seller’s Market the last couple of Quarters 2019!
You’ll Retrieve Golden Results with Cheryl Ritchie, RE/MAX Leading Edge, for all your Calvert County MD and Anne Arundel County MD Real Estate Services. Call or EMail GoldenGirl@GoldenResults.com 301-980-7566 to schedule a personalized PRICE WORKOUT to review the market value of your Calvert County or Anne Arundel County MD home!
8203 ELM LANE, CHESAPEAKE BEACH, MD
$ Click for current price
Waterview LOT located at end of Elm Lane adjacent to Creek and walking distance to the Chesapeake Bay! This level lot is adjacent to a second and separately deeded lot on Elm for an additional $10,000. SOLD AS IS. NO Permits. Check Zoning Use. Title Exam performed early May 2018. Agent is Related. CASH/Proof of CASH. AS IS ! Adjacent lot # MDCA169664 is also $10,000. Both are listed under Residential MLS # MDCA169642 and # MDCA169646. See Addendum in View Docs. Call Town/County for Hook Up Fees, Impact Fees etc. Go and Show! Text or Email L/A if showing!
8207 ELM LANE, CHESAPEAKE BEACH, MD
$ Click for current price
Waterview LOT located at end of Elm Lane adjacent to Creek and walking distance to the Chesapeake Bay! This level lot is adjacent to a second and separately deeded lot on Elm for an additional $10,000. SOLD AS IS. NO Permits. Check Zoning Use. Title Exam performed early May 2018. Agent is Related. CASH/Proof of CASH. AS IS! Adjacent lot # MDCA169642 is also $10,000. Both are listed under Commerical MLS# MDCA169664 and # MDCA169662. See Addendum in View Docs. Check with Town/County for Hookup and Impact Fee Costs etc. Go and Show! Text or Email L/A if showing property.
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Lot Size3,921 sqft
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Home Size912 sqft
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Beds3 Beds
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Baths1 Bath
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Year Built1940
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Days on Market1
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Lot Size6,099 sqft
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Home Size1,731 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1950
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Days on Market1
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Lot Size15,682 sqft
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Home Size2,164 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1995
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Days on Market1
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Lot Size2.82 ac
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Home Size1,416 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1974
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Days on Market2
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Lot Size
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Home Size2,020 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1989
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Days on Market2
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Lot Size43,560 sqft
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Home Size480 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1960
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Days on Market4
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Lot Size7,841 sqft
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Home Size1,456 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1962
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Days on Market7
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Lot Size13,068 sqft
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Home Size3,624 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built1992
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Days on Market7
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Lot Size10,019 sqft
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Home Size1,296 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1989
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Days on Market7
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Lot Size7,841 sqft
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Home Size2,400 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built1953
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Days on Market9
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Lot Size43,560 sqft
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Home Size1,824 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built1940
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Days on Market10
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Lot Size10,019 sqft
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Home Size2,804 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1959
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Days on Market12
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Lot Size13,068 sqft
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Home Size1,164 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1994
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Days on Market13
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Lot Size1.39 ac
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Home Size2,780 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built1969
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Days on Market14
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Lot Size6,534 sqft
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Home Size1,412 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1940
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Days on Market18
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Lot Size7,406 sqft
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Home Size990 sqft
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Beds2 Beds
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Baths1 Bath
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Year Built1952
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Days on Market20
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Lot Size6,534 sqft
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Home Size2,250 sqft
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Beds4 Beds
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Baths3 Baths
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Year Built1998
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Days on Market21
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Lot Size9,584 sqft
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Home Size2,384 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1975
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Days on Market21
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Lot Size11,762 sqft
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Home Size1,710 sqft
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Beds4 Beds
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Baths2 Baths
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Year Built1962
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Days on Market22
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Lot Size10,890 sqft
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Home Size2,932 sqft
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Beds4 Beds
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Baths4 Baths
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Year Built1996
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Days on Market24
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Lot Size6,099 sqft
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Home Size1,600 sqft
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Beds3 Beds
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Baths2 Baths
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Year Built1950
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Days on Market29
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Lot Size43,560 sqft
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Home Size2,340 sqft
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Beds3 Beds
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Baths3 Baths
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Year Built1985
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Days on Market48
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Lot Size10,019 sqft
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Home Size2,100 sqft
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Beds5 Beds
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Baths3 Baths
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Year Built2024
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Days on Market53
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(all data current as of
3/28/2024)
Listing information deemed reliable but not guaranteed. Read full disclaimer.