Home sales in Caroline County are up by 38 % over the first quarter in 2010.  Though this sounds like a huge increase in home sales it's really not.  First quarter home sales in 2010 were only 39 compared with 54 this year. Of the homes sold in the first quarter this year, approx. 41 % were foreclosures and almost 19 % were short sales.  So, almost 60% of homes sold here were short sales or foreclosures.  Scary!

The "Buyers' Market" continues.  There are 362 homes on the market now in Caroline County.  At a consumption rate of just 18 homes per month (54/3) it would take an estimated 20 months for all homes in Caroline County to sell, even if no more homes come on the market.