The Ocean Pines MD real estate market is hot! If you're considering buying a home in Ocean Pines, MD, you'll want to stay ahead of the market and be aware of changes. In this post, I'll share a video update of the Ocean Pines MD real estate market from September 2017.

[September 2017]

Residential Real Estate in Ocean Pines, MD

Active Inventory 

during the month of August the number of active listings was down ↓ 32% from 2016 and down ↓ 13% percent from the month of August. With less inventory buyers who waited to buy may have a smaller selection to choose from as you can see the median listing price.

Median Listing Price

The median listing price in the Ocean Pines, MD real estate market was just under $300,000.

 

Days on Market

 

The average number of days that properties spent on the market before being sold increased ↑ 14%. This higher number of days may signal a slowdown in the local inventory turnover rate.

 

Median Sales Price

 

The median sale price was just over $250,000.

 

Home Sales

 

The number of properties sold increased ↑ 15% compared to 2016 and decreased ↓ 17% compared to August 2017. The higher year over year figures indicate that more buyers have been finding what they're looking for when searching Homes for Sale in Ocean Pines MD.

 

 

 

 

Market Watch Video Update

Ocean Pines, MD Real Estate Market [September 2017]