February 2015 & Y-T-D Ocean City Market Report
My Summary, & take-away.. for what its worth...(Chris Pustizzi)
The average price Y-T-D in 2015 is up almost 3% even though the average number of listings is up 3% the same. short term demand is out pacing supply. Categorically the average days on market it took to "sell" have dropped in nearly in every price range & month compared to the last two years. Most notability the HIGH END market homes -(of 1.5 M or more). That time-frame has drooped from 165 days on market to 106 days on market. Essentially high end homes are selling 50% faster than compared to the past two years. Which, has been stable... With mortgage rates LOW @ sub 4% and lower, the smart, BIG money is jumping in with "two feet."
Let us help you if you are considering a purchase -this year find you the "right" home. Timing is everything!
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