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Ocean City Md Condo Sales Ocean City MD Condominium sales ( ratified contracts ) trend over previous year declined again. This is a continuance of the ” BURSTING OF THE BUBBLE ” which commenced in late 2005 and into 2006. After skyrocking demand and increases in real estate prices, market conditions changed and as we [...] Ocean City Maryland’s condominium sales have continued on a downward trend through the 1st quarter of 2008. The source data comes from the Coastal Association of REALTORS MLS Ocean City MD data. The bottom of this market apparently has yet to be seen! Obviously at some point in time, economic and other market conditions, along [...] Please DON’T SHOOT THE MESSENGER! Despite what one may read in the local free newspapers in Ocean City MD ( who rely upon the real estate industry heavily for advertising income) publishing articles which sort of juggle and interpret statistics to thereby reflect a coming upswing in condominium real estate sales in Ocean City [...] Through Sept of 2007, the Ocean City MD real estate market for Condominiums has continued to be very soft! Compared to statistics through Sept of 2006, average days on the market has increased from 180 days to 268 days. Average list price has decreased from $459,591 to $425,132. Inventory of on the market “for sale” [...] The April 2007 Condominium Sales Statistics provided by the Coastal Multiple Listing Service serving Ocean City MD reflect a continued downward trend when compared to April 2006 and 2005. While actual settlements on properties remained constant, new contracts executed during the month declined from 221 in April 2005 to 86 in April 2006 to 74 in [...] |
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