Market Insight- Ocean City MD | February 2019
Market Insight- Ocean City, MD | February 2019
Market Insight Made Easy
Whether you are Buying or Selling Real Estate in Ocean City, MD, you should be aware of the current market trends. Stay up to date with an easy one-page recap of the past month (New Listings, New Pendings, Closed Sales, Median Sold Price, Active Listings, Average DOM, and Average Sold to OLP Ratio).
My opinion moving forward – Closed Sales and New Pendings are up both year over year and month over month. The increase in New Listings month over month is good for our low inventory environment. I believe the Ocean City Market is still on target to remain strong.
Nothing has changed much, the interest rates remain low, we have historically low inventory (great time to put your property on the market), and a lot of cash buyers. Updated properties are receiving premium pricing compared to the comps and there is a little stretching of listing prices.
When it comes down to a Bull or Bear Market, Ocean City Maryland is looking Bullish!