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September 1st Ocean City Real Estate Market Report

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Weekly Ocean City Real Estate Market Report for the week of August 25-August 31.

New Listings in Ocean City Maryland

Twenty-nine properties came on the market last week in Ocean City Maryland with an average list price of $308,200.

Click to see New Listings this week in Ocean City

Under Contract in Ocean City Maryland

Last week thirty-for properties went under contract in Ocean City Maryland. The average time on market before going pending was 6 months. The average list price of these properties was $278,600. Eight properties were on the market 30 days or less.

Click to see what went Under Contract this week in Ocean City

Sold Listings in Ocean City Maryland

Thirty-three properties sold last week in Ocean City with an average sales price of $307,700. The average time on market was 6.1 months and they sold for 97% of the list price.

Click to see what Sold this week in Ocean City

Condos and Homes for Sale in Ocean City Maryland

Currently, there are 1019 active listings in Ocean City, which includes condos, single family houses, townhomes and duplexes.  Short Sales and foreclosures in Ocean City make up 1.9% of available residential properties. Mortgage rates were around 3.625% on a 30 year fixed conventional loan.

 

To receive the Weekly Ocean City Market Report, email Corey@kenningtonrealty.com  and place “Ocean City Market Report” in the subject line.

This report is offered free of charge by Kennington Realty A Buyer’s Agent, please consider using our services for your next real estate purchase.

Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2016 MLS and FBS. Based on information from the Coastal Association of Realtors® for the period 08/25/16 through 8/31/16

 

About Corey Kennington

Corey has been helping home buyers save time, money and effort in Salisbury and Ocean City Maryland since 1995. Prior to working as an Exclusive Buyer’s Agent (EBA) Mr. Kennington was a real estate appraiser with a prominent Lower Shore appraisal firm WR McCain Appraisals. He is a trained realtor who is dedicated to finding his clients the best home at the best price. And, because he only represents buyers, he is a crucial asset in today’s competitive real estate market. He serves as a trusted and knowledgeable partner, helping his clients understand the marketplace and to remain focused-all at no extra cost to the buyer.

Ocean City Real Estate

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