New Downward Trend in Home Sales for St. Michaels Real Estate Market

The St. Michaels market is experiencing a determined pullback as sales slumped again this week by 25.0% to three homes sold over the last 30 days. The median sales price rose to $655,000, up from last week's $597,000. St. Michaels is a strong buyer's market with 16 months of inventory to choose from, aided by the downturn in sales.

Looking to move to St. Michaels, but at an economical price? You may want to start with these low-cost listings:

$115K   $115K   $115K  

Get started right now by checking out St. Michaels homes for sale or reviewing St. Michaels real estate trends.

Demographic facts for St. Michaels:

  • The affordability rating is 31. (Scale: 1 = Worst, 100 = Best)
  • This area usually gets 45.2 inches of rain each year. (U.S. average: 36.5)
  • The average income per capita is $33,859.
  • The school rating is 69. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/12/2016

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