Ocean City Maryland Market Statistics
March 3, 2011 by Monica McNamara · Leave a Comment
The median sales price for homes in Ocean City MD for Nov 10 to Jan 11 was $239,794. This represents a decline of 15.9%, or $45,206, compared to the prior quarter and a decrease of 15.1% compared to the prior year. Sales prices have depreciated 41.5% over the last 5 years in Ocean City. The [...]
Housing Market Update – The Economic Calendar
February 15, 2011 by Monica McNamara · Leave a Comment
The Housing Market Update – The Economic Calendar Market Summary With Egypt dominating the news, some significant items of interest to the housing market might have escaped notice. Unfortunately, some of them were on the unpleasant side. Mortgage rates took an upward move across the board with the 30-year breaking the 5% barrier for the [...]
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 [...]
Beach Birthday
October 21, 2009 by Monica McNamara · Leave a Comment
Happy Birthday Stephen, Happy Birthday to you!!! That would be Stephen Cain of 120th Street Coldwell Banker. We celebrated the 50th birthday of one of my co-workers at Coldwell Banker. He is a great guy, a husband to Suzannah and a Dad. Many showed up for this celebration. We gathered at a local watering hole [...]
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 [...]
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 [...]
