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Weekly Ocean City Real Estate Market Report for the week of December 15 – December 21.
New Listings in Ocean City Maryland
Twelve properties came on the market last week in Ocean City Maryland with an average list price of $455,800.
Click to see New Listings this week in Ocean City
Under Contract in Ocean City Maryland
Last week twelve properties went under contract in Ocean City Maryland. The average time on market before going pending was 39 days. The average list price of these properties was $549,700. 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-one properties sold last week in Ocean City with an average sales price of $365,400. The average time on market was 29 days and they sold for 97.3% 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 190 active listings in Ocean City, which includes condos, single family houses, town homes and duplexes. Short Sales and foreclosures in Ocean City make up .5% of available residential properties. Mortgage rates were around 6.5% on a 30 year fixed conventional loan.
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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 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 12/15/22 through 12/21/22.