Yet again, no deals were completed in the Pocomoke City market over the last 30 days. Pocomoke City is used to having 2.8 sales per month.
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Once again, no deals were completed in the Pocomoke City market over the last 30 days. Pocomoke City is used to having 2.8 sales per month. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks.
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The number of homes coming into the Pocomoke City market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price in Pocomoke City stayed put this week at $31,100. With no movement in sales and the availability of 22 months of inventory, Pocomoke City is a definite buyer's market.
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Pocomoke City is a much less affluent than average city in Maryland with a median income of $37,624 per household. The population is also considered much older than most with a median age of 36 years. Keep in mind, 45.9% of the homes in Pocomoke City are owned, while 39.9% are rented. Leading the list of best schools in the city are Pocomoke Elementary School and Pocomoke Middle School.
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With an emerging downward trend of new sellers listing homes, including one over the last 30 days, and sales that fell to one in that same time frame, the Pocomoke City market will be slowing. Potential buyers should note that prices are coming down in Pocomoke City, and for this period the median sales price slid from $62,300 to $31,100. With decreasing sales and the availability of 21 months of inventory, Pocomoke City is a strong buyer's market.
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The number of sellers who put their homes up for sale in the Pocomoke City market over the last 30 days remained flat this week at one. Home sales also remained unchanged from the prior period and once again two homes were sold. Pricing in Pocomoke City remains consistent from last week to this week, with the median sales price at $62,300 again. Along with flat sales, a relatively high 10 months of inventory indicates that Pocomoke City is a definite buyer's market.
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$137K  
With two homes sold in the Pocomoke City market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with one new listing for buyers to choose from. The median sales price dropped to $62,300, down from last week's $71,750. Pocomoke City is a strong buyer's market, due to a big 10 months of inventory left and aided by the flat sales.
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$269K  
Sales fell this week to two homes sold in the Pocomoke City market over the last 30 days. However, a six-week positive trend for contracts was extended, with seven pending transactions in the same time frame. As contracts trended higher, the median sales price climbed with it, trending upwards for four weeks to reach $71,750. Along with the slip in sales, a relatively high 11 months of inventory indicates that Pocomoke City is a strong buyer's market.
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$127K  
There were three home sales in the Pocomoke City market over the last 30 days, while coming close to the 3.1 monthly average for the last 12 months. At the same time, close-by Fruitland reported six home sales, the highest number from all the surrounding cities. Prices are falling in Pocomoke City, and this period the median price of all sales fell from $111,000 to $93,500. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning Pocomoke City is still a solid buyer's market.
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$137K  
Pocomoke City is an average-sized city in Maryland with 4,184 residents. Its population is shrinking slower than the rest of the state, at a 10-year growth rate of -0.4%. Detached homes account for 96% of the area's current housing market. Leading the list of top schools in the city are Pocomoke Elementary School and Pocomoke Middle School.
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