Real Estate Market Reports
Ocean City, Maryland Real Estate Market Statistics and Trends
January 28, 2010 by Monica McNamara · Leave a Comment
The median sales price for homes in Ocean City MD for Sep 09 to Nov 09 was $335,000. This represents an increase of 24.1%, or $65,000, compared to the prior quarter and an increase of 20.4% compared to the prior year.
The average listing price for Ocean City homes for sale was $430,969 for the week [...]
Is the Pendulum Swinging?
December 2, 2009 by Monica McNamara · Leave a Comment
According to the National Association of REALTORS (NAR), we have seen pending home sales rise for the ninth month in a row now. The Pending Home Sale Index is an indicator that looks forward based upon properties that were put under contract (or pending) the month previously. In this case it would be for October [...]
Sold and Active Listings for Ocean City (Worcester County) October 2009
October 23, 2009 by Monica McNamara · Leave a Comment
Internet Sales Report – September 2009
October 15, 2009 by Monica McNamara · Leave a Comment
Coldwell Banker Real Estate and McNamara & Associates continue to lead the way in innovative business ideas and techniques.
Leadrouter continues to be an important, robust source of business for me as an agent. A prospective buyer can go on line, view a property they are interested in, and then request additional information. We will receive [...]
Ocean City, Md. Statistics and Trends
October 5, 2009 by Monica McNamara · Leave a Comment
The median sales price for homes in Ocean City MD for Jul 09 to Sep 09 was $169,000. This represents a decline of 46.1%, or $144,750, compared to the prior quarter and a decrease of 41.7% compared to the prior year. Sales prices have depreciated 49.7% over the last 5 years in Ocean City.
The average [...]
So What About Those Interest Rates?
September 8, 2009 by Monica McNamara · Leave a Comment
Interest rates…everybody wants to know where they are headed. Here’s what’s coming out this week that will definitely have an impact.
The Fed’s Beige Book – officially known as the Survey on Current Economic Conditions will be reported on Wednesday. It shows info from banks, interviews with business contacts, economists, market experts, and other sources. The [...]
Buyers Are Back
August 4, 2009 by Monica McNamara · Leave a Comment
Homebuyers are back! After a cold spell through fall, winter and spring, buyers are acting on the positives of lower prices, lower interest rates and higher tax credits. The result? An increase in sales of existing homes/condominiums for the last two months. Savvy sellers who are positioning their prices for the market are the beneficiaries [...]
Data Shows Housing Market Starting To Recover
July 23, 2009 by Monica McNamara · Leave a Comment
WBOC TV News Channel 16 located in Salisbury, Maryland reported this information earlier today. I find it very encouraging that there are signs of new life in our economy. Everyone has been hard hit. Beginning to see some light at the end of the tunnel will further propel our national economy towards more prosperous times.
The [...]
Ocean City, Maryland Condo Report
July 20, 2009 by Monica McNamara · Leave a Comment
The Ocean City condo market is improving as reported by the Coastal Association of REALTORS Multiple Listing Service. New contracts written were up 33% in June 2009 as compared to June 2008. The year date figures reflect an overall increase of 9%.
Properties that settled or closed in June 2009 were up 19.2% as compared to [...]
What's Better Than Average?
July 4, 2009 by Monica McNamara · Leave a Comment
I work with Coldwell Banker Residential Brokerage. They provide excellent current, topical real estate information to their clients and customers. Below is some excerpts from a recent “Market Watch” segment.
You may hear statistical data that average home sale prices went up in the last two months. Certainly encouraging news to sellers! However, for the [...]
