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January 2nd Ocean City Real Estate Market Report

Weekly Ocean City Real Estate Market Report for the week of December 26 – January 1.

New Listings in Ocean City Maryland

Fourteen properties came on the market last week in Ocean City Maryland with an average list price of $282,300.

Click to see New Listings this week in Ocean City

Under Contract in Ocean City Maryland

Last week eighteen properties went under contract in Ocean City Maryland. The average time on market before going pending was 2.1 months. The average list price of these properties was $242,200.  Six properties where on the market 30 days or less.

Click to see Under Contract this week in Ocean City

Sold Listings in Ocean City Maryland

Twenty-three properties sold last week in Ocean City with an average sales price of $340,000. The average time on market was 6.6 months and they sold for 95.3% 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 625 active listings in Ocean City, which includes condos, single family houses, townhomes and duplexes.  Short Sales and foreclosures in Ocean City make up .6% of available residential properties. Mortgage rates were around 3.875% 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 12/26/20 through 1/1/20.

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