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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Monthly, Sales market report-