In the first eight months of 2008, one hundred fifty seven (157) homes were sold in Caroline County, Maryland.  That compares to two hundred twenty four (224) homes sold during the same period in 2007 and to three hundred four (304) homes sold during the same period in 2006.  So, that equates to a drop of about 29.9% from 2007 to 2008 and about 48.4% from 2006 to 2008.  That's huge for each of the last two years! 

When will home sales pick up again?  Interest rates are still very good. The absorption rate for homes in Caroline County, Maryland, reveals that with 502 homes on the market there is over a 25 month supply of homes to be sold even if no more homes were to come on the market in the next 25 months.  Wow.  Given that there will be additional homes listed in the coming months you obviously get the picture that there is an abundance of homes on the market in Caroline County and thus . . . it's still a Buyer's Market.

Call me or email me if you would to buy or sell a house land or a farm or if you need help with planning for a 1031 exchange (buy or sell).  Mickey Hayward Cell Phone (410) 924-2277 or  Email mickey@sunsetproperties.net