$145K  
On top of a 9.1% dip in sales numbers this week to land at 10 homes sold over the last 30 days, the Ocean City market still shows an identifiable trend downward overall. Potential buyers should note that prices went up in Ocean City, with the median for this period rising from $224,000 to $244,950. Ocean City is a definite buyer's market, due to a downward trend in sales numbers and 91 months of inventory remaining.
Comments:

Ocean City is a city that is shrinking slower than others in Maryland at a 10-year growth rate of -26.0%. It also has a larger than average population of 7,102 people. Ocean City is made up of homes that are considered relatively old with a median of 28 years.
Comments:

$650K  
Sales in the Ocean City market fell to 11 homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with 15 price reductions in the same time frame. The median sales price in Ocean City stayed put this week at $224,000. Along with the slip in sales, a relatively high 83 months of inventory indicates that Ocean City is a strong buyer's market.
Comments:

$650K  
The Ocean City market stayed sluggish with 59 homes sold in the last 30 days, a 33.0% sales drop. Meanwhile, close-by Ocean Pines reported 14 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $225,000, down from last week's $230,500. Ocean City is a definite buyer's market, thanks to a big 16 months of inventory to choose from and a pullback in sales.
Comments:

$650K  
The Ocean City market recorded 88 home sales over the last 30 days. Also, a record low 101 new listings came into the market, the fewest since January. In comparison, Ocean Pines had 29 new listings in the same time frame, the most of all nearby cities. The median sales price rose to $230,500, up from last week's $229,000. Ocean City is still a solid buyer's market, even after the decrease in new listings, due to the large 10 months of inventory left.
Comments:

$199K  
In this week's report, the number of homes sold in the Ocean City market fell to 104 over the past 30 days, a decrease of 20.6% from last week's report, but still above the monthly average. On the other hand, close-by Ocean Pines registered 25 homes sold in the same time frame, the most of all surrounding cities. A months of inventory number of nine reported this week continued a four-week downward trend. With decreasing sales and the availability of so much inventory, Ocean City is a strong buyer's market.
Comments:

$320K  
Ocean City has a much younger population than other areas in Maryland with a median age of 54 years. It is also much less affluent than average with a median income of $43,711 per household. Condos and townhouses account for 9% of the area's current housing market.
Comments:

$3.6M  
The Ocean City market saw sales rise 26.0% and it is currently in the midst of an emerging upward sales trend, including 131 homes sold over the last 30 days. The amount of available homes slid to seven months worth, a nine-month low, likely depleted as sales trended higher. Even with the rising sales, the large amount of remaining inventory tells us that Ocean City is still a definite buyer's market.
Comments:

$324K  
Over the last 30 days, a determined upward trend of new sellers coming into the Ocean City market continued, with 210 listings in this week's report. Meanwhile, sales have ticked up as well, with 101 homes selling during the same period. Potential buyers should note that prices went up in Ocean City, with the median for this period rising from $229,000 to $230,000. Ocean City is still a strong buyer's market, due to the availability of nine months of remaining inventory, even after the uptick in sales.
Comments:

$165K  
Over the last 30 days, sales in the Ocean City market fell to 89. However, the number of pending transactions continued to improve, reaching a total of 193 during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are falling in Ocean City, and this period the median price of all sales fell from $234,450 to $228,000. Ocean City is a definite buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
Comments:
Previous Page  1  2 3 4 5 6 7 Next Page

Ask a local expert about this area:
Long & Foster Real Estate, Inc.
Snapped 1 home in this area
RE/MAX First Choice
Snapped 1 home in this area
Vantage Resort Realty of MD
Snapped 11 homes in this area

Agents that specialize in this area
20 snaps in this area
4 snaps in this area
10 snaps in this area
5 snaps in this area
2 snaps in this area
8 snaps in this area
2 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 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.