$995K  
A five-week negative trend in the number of homes sold was extended this week after the Somerset County market had 13 transactions over the last 30 days. With 21 price reductions, the lowest amount since March, the market may be shedding discounts. In comparison, Worcester County led all other nearby counties with 223 price reductions. While new listings numbers suggested otherwise, months of inventory is on a four-week upswing, this week hitting 15 months. Even after uptick in sales, such a large amount of remaining inventory tells us that Somerset County is still a solid buyer's market.
Comments:

$2M  
The Somerset County market showed improvement in this week's report, as the number of home sales rose 25.0%, pushing the total to 10 homes sold over the last 30 days. Within the same time period, Worcester County had 161 sales, the most of all counties in the area. The median sales price climbed during this period, hitting a three-month high at $125,000. Somerset County is still a definite buyer's market, in spite of the rise in prices, thanks to the availability of 19 months of remaining inventory.
Comments:

$130K  
Somerset County has a much older population than other areas in Maryland with a median age of 36 years. It is also much less affluent than average with a median income of $40,180 per household. Princess Anne, Crisfield, and Eden are its three most populated cities. The Somerset County market is primarily made up of detached homes, currently accounting for 86% overall. The best school in the county is Princess Anne Elementary School.
Comments:

$102K  
A three-week rough patch for the overall sales trend continues in the Somerset County market. Also, the actual number of sales dropped 20.0% over the last 30 days, coming in at eight. The median sales price jumped to $89,500 over the latest reporting period for Somerset County, up from $51,500. With a downward trend in sales numbers and 25 months of inventory still left to work through, Somerset County is a solid buyer's market.
Comments:

$149K  
In this week's report, the number of homes sold in the Somerset County market fell to nine over the past 30 days, a decrease of 35.7% from last week's report. Meanwhile, Worcester County reported 189 home sales, the highest number from all the surrounding counties. Prices are falling in Somerset County, and this period the median price of all sales fell from $77,500 to $54,000. Somerset County is a definite buyer's market, thanks to a big 24 months of inventory to choose from and a pullback in sales.
Comments:

$130K  
The Somerset County market remained cool with 14 homes sold in the last 30 days, a 6.7% sales drop. Meanwhile, Worcester County reported 194 home sales, the highest number from all the surrounding counties. The median sales price rose dramatically to $77,500, up from last week's $55,800. Somerset County is a definite buyer's market, due to a big 16 months of inventory left and aided by the dip in sales.
Comments:

$164K  
Over the past 30 days, there have been fewer price cuts in the Somerset County market, continuing a three-week declining trend to land at 34. Home sales were also down to 14 over the same period. Potential buyers should note that prices are coming down in Somerset County, and for this period the median sales price slid from $100,000 to $73,900. With decreasing sales and the availability of 16 months of inventory, Somerset County is a solid buyer's market.
Comments:

$219K  
In this week's report, the number of homes sold in the Somerset County market dropped to 20 over the past 30 days, a decrease of 13.0% from last week's report, but still above the monthly average. On the other hand, close-by Worcester County registered 190 home sales in the same period, the most of all surrounding counties. Months of inventory continued a steady fall, trending downwards for four weeks to reach 11 months. With decreasing sales and the availability of so much inventory, Somerset County is a definite buyer's market.
Comments:

$130K  
Somerset County is a small county in Maryland that has seen a 7.4% increase in population over the last 10 years. It also has a total population of 26,470. Princess Anne, Crisfield, and Eden are the three largest cities in terms of population. Somerset County is made up of homes that are relatively old with a median of 35 years. The top school in the county is Princess Anne Elementary School.
Comments:

$2M  
The Somerset County market saw sales reduction 12.0% this week but it is currently in the midst of a confirmed upward sales trend, including 22 homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Potential buyers should note that prices went up in Somerset County, with the median for this period rising from $92,000 to $116,450. Along with the slip in sales, a relatively high 10 months of inventory indicates that Somerset County is a definite buyer's market.
Comments:
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