Median sale prices increased in many parts of Maryland’s Eastern Shore region in November, according to The Long & Foster Market Minute reports. The Eastern Shore market includes Worcester, Wicomico, Dorchester, Queen Anne’s, Talbot and Caroline counties. The Long & Foster Market Minute reports are based on data provided by Metropolitan Regional Information System and Coastal Association of Realtors and their member associations of Realtors and include residential real estate transactions within specific geographic regions, not just Long & Foster sales.

The median sale price increased in most of the Eastern Shore region, with Caroline County seeing a 41 percent jump and Dorchester County seeing a 24 percent increase compared to the same month last year. In Worcester County the median sale price rose by 12 percent. Talbot County experienced an 8 percent increase, followed by Queen Anne’s County with a 2 percent increase. In Wicomico County the median sale price decreased by 13 percent.

The number of homes sold varied in the Eastern Shore real estate market in November. Caroline County experienced a 4 percent increase in the number of homes sold, while Wicomico County saw no change compared to the previous year. In other areas, the number of homes sold decreased from 3 percent to 9 percent.

Inventory decreased in the Eastern Shore region when compared to year-ago levels, according to November data. Worcester County experienced the largest drop at 19 percent, followed by Queen Anne’s County at 15 percent. Caroline County saw active inventory decease by 11 percent and it fell by 8 percent in Wicomico County. Both Dorchester and Talbot Counties experienced 3 percent declines in active inventory.

In most areas of the region, homes are selling in three to six months on average, according to November data. Wicomico County experienced the lowest average days on market (DOM) of 79 days, followed by Queen Anne’s County at 110 days. The rest of the region saw homes selling between 125 to 162 days on average.

“November brought a number of positive things to the United States’ economy, with additional jobs and increases in home construction being among them, and we saw good signs within the Long & Foster market as well,” said Jeffrey S. Detwiler, chief operating officer of The Long & Foster Companies. “Within the Eastern Shore region, we saw continued improvements in median sale prices, and we anticipate a steady and healthy real estate market in 2016.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.    Information included in this report is based on data supplied by MRIS and CAR, which is not responsible for its accuracy. The reports do not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS, CAR or Long & Foster Real Estate, Inc.