OC Home
Business Checks

Ocean City "Realty Reality"

What follows is the third in our series of insights into the OC real estate market. Here, Terri shares some news of a shift in market activity in the first part of 2012

The Beach Real Estate Market Is Heating Up
by: Terri Moran, Contributing Author

Terri Moran, REALTOR, Coldwell Banker Residential Brokerage


The first quarter of 2012 saw more activity in condominium and single family home sales than the last several years and the second quarter is proving to be even more active. This may be attributed to the mild weather and some pent-up buying power.

According to our Multiple Listing Service, the Worcester County Housing Report for Condominiums listed and placed under contract for the month of April is up - and looks like it will continue moving upward this year. That is great news for owners who want to sell. Prices remain stable. From January through April, the number of contracts has increased each month and is up 12.2% this year with the number of listings down 19.4%. This means there is a definite - if small - movement in market activity. The reduction in inventory shifts a bit of the momentum back to sellers. The average sales price is $272,042 and the average days on the market are 245.

Single family homes in Worcester County have seen much of the same. Listings are down 18.4% and contracts are up 6.3%. The average sales price is $259,074 with an average of 157 days on the market.

This is the best time to sell or buy - especially prior to the rental season. Buyers want to get into their beach property before the summer gets into full swing.

Yes, Ocean City Real Estate activity is heating up - the market and weather are improving and interest rates remain at an all time low. Come to the beach and enjoy the heat.

OCtheBeach.com is a member of:

Beaches and Towns Network
Internet presence by the Beaches and Towns Network, Inc.
© 1999-2018 All Rights Reserved

Privacy Policy

Ads: Beach Personal Checks and Business Checks.

April 24, 2019

Realty Reality
Real Estate Insights.

New Year, New Page
A tip for getting organized and moving forward.

Remembering When
38 years in Ocean City.

What Realtors do in the "off season?"
The tasks of doing one's job continue all the time.

Market Heats Up in 2012
Changes in market activity at the beach.

Coming to OC?
Stay on the Boards. Stay where the action is...

Courtyard by Marriott Boardwalk
Courtyard by Marriott
15th Street on Boardwalk

Comfort Inn Boardwalk
Comfort Inn Boardwalk
5th Street

Howard Johnson OceanFront Plaza
Howard Johnson Oceanfront Plaza
11th Street

Quality Inn Boardwalk
16th Street

Holiday Inn Hotel & Suites
17th Street

Days Inn Oceanfront
22nd Street

Howard Johnson Inn Oceanfront
24th Street

Just Above the Boards
Flamingo Motel
3100 N. Baltimore Ave.
Hilton Suites Oceanfront
3200 N. Baltimore Ave.