$3M  
The St. Michaels market is tightening. Sales continued a five-week positive trend, bringing this week's numbers up to four homes sold over the last 30 days, and price reductions are now occurring at their lowest levels since March, with two reported this week. In comparison, Shady Side had seven price reductions in the same time frame, the most of all nearby cities. The median sales price rose to $366,000 over the latest reporting period for St. Michaels, up from $340,000. St. Michaels is still a strong buyer's market, even after the decrease in price reductions, due to the large 12 months of inventory left.
Comments:

$3M  
The St. Michaels market showed continued strength over the last 30 days, extending a four-week growth trend. Sales rose 66.7% to five homes, the most in three months. When comparing other close-by municipalities within the same period, the most came from Easton with 18 sales. The amount of available homes slid to 10 months worth, a three-month low, likely depleted as sales hit a plateau. Even with the rising sales, the large amount of remaining inventory tells us that St. Michaels is still a definite buyer's market.
Comments:

$850K  
St. Michaels is a smaller-than-average city in Maryland with a population of 1,029 residents, and it has an average density compared to the rest of the state, with 895.7 people per square mile. It should be noted that 42.2% of the homes in St. Michaels are owned, while 29.4% are rentals. The top school in the city is St. Michaels Middle/High School.
Comments:

$3M  
Over the last 30 days, an established upward sales trend continued in the St. Michaels market, even as sales remained flat at three this week. The median sales price climbed to $340,000 over the latest reporting period for St. Michaels, up from $280,000. St. Michaels is a definite buyer's market, due to a big 17 months of inventory left and aided by the flat sales.
Comments:

$1.8M  
The number of home sales in the St. Michaels market climbed 50.0% to three homes over the last 30 days, exceeding the 2.8 monthly average for the last 12 months. In comparison, nearby Easton had 19 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices went up in St. Michaels, with the median for this period rising from $277,500 to $280,000. Despite the uptick in sales, there are still 16 months of inventory left to work through, meaning St. Michaels is still a definite buyer's market.
Comments:

$1.8M  
Fewer sellers put their homes up for sale in the St. Michaels market over the last 30 days and the number of new listings fell this week to five. Home sales remained unchanged from the prior period and once again two homes were sold. Months of inventory were further reduced to 24, extending a downward trend to four weeks. With decreasing sales and the availability of so much inventory, St. Michaels is a definite buyer's market.
Comments:

$2M  
Home sales in the St. Michaels market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 50.0% to two homes sold over the last 30 days. In comparison, nearby Easton had 17 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that prices are coming down in St. Michaels, and for this period the median sales price slid from $597,000 to $407,000. Along with the slip in sales, a relatively high 24 months of inventory indicates that St. Michaels is a definite buyer's market.
Comments:

$850K  
Over the last 30 days, the St. Michaels market made strides with four homes sold, a 33.3% increase from last week's report. At the same time, close-by Easton reported 16 home sales, the highest number from all the surrounding cities. Prices are falling in St. Michaels, and this period the median price of all sales fell from $655,000 to $597,000. St. Michaels is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of 12 months of remaining inventory.
Comments:

$850K  
St. Michaels is a small city in Maryland with a median income of $43,534 per household. Besides being much less affluent than average, its population is much younger than others with a median age of 50 years. The St. Michaels market is mostly made up of detached houses, which currently account for 69% of the homes for sale in the area. The top school in the city is St. Michaels Middle/High School.
Comments:

$115K  
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.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
Keller Williams Realty Centre
Snapped 1 home in this area
RE/MAX Advantage Realty
Snapped 1 home in this area
RE/MAX Executive
Snapped 4 homes in this area

Agents that specialize in this area
4 snaps in this area
1 snap in this area
2 snaps in this area
1 snap in this area
2 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
1 snap in this area
1 snap in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.