Weekly Ocean City Real Estate Market Report for the week of November 9– November 15.
New Listings in Ocean City Maryland
Under Contract in Ocean City Maryland
Last week sixteen properties went under contract in Ocean City Maryland. The average time on the market before going pending was 35 days. The average list price of these properties was $469,100. Eleven properties were on the market 30 days or less.
Sold Listings in Ocean City Maryland
Nineteen properties sold last week in Ocean City with an average sales price of $622,200. The average time on the market was 37 days and they sold for 96.2% of the list price.
Condos and Homes for Sale in Ocean City Maryland
Currently, there are 328 active listings in Ocean City, which includes condos, single family houses, town homes and duplexes. Short Sales and foreclosures in Ocean City make up 0.3% of available residential properties. Mortgage rates were around 7.675% 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 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 11/9/23 through 11/15/23.