7/26/2019 Ocean City Real Estate Report - June 2016

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Ocean CityThere are currently 885 homes, condos andtownhomes for sale in Ocean City, which is a19% decrease from 2015.

Search All Ocean City Listings

Ocean PinesThere are currently 171 homes, condos andtownhomes for sale in Ocean Pines, which is a23% decrease from 2015.

Search All Ocean Pines Listings

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Ocean CityThe average price of active listings in OceanCity is currently $341,000 and the medianlisting price is $285,000. The average listingprice for the year in Ocean City is $340,000,which is down slightly from 2015.

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Ocean PinesThe average price of active listings in OceanPines is currently $359,000 and the medianlisting price is $280,000. The average listingprice for the year in Ocean Pines is $346,000,which is a 4% increase over 2015. 33

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Active Listing Prices

Active

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7/26/2019 Ocean City Real Estate Report - June 2016

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Ocean City131 Ocean City properties went to settlementduring May bringing the total number of closedlistings for the year to 441, which represents a6% increase in market activity over 2015.

View Ocean Citys Sold Listings

Ocean Pines42 Ocean Pines properties went to settlementduring May bringing the total number of soldproperties for the year to 154, which representsa 5% increase in activity over 2015.

View Ocean Pines Sold Listings

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Ocean CityThe average sold price in Ocean City duringMay was $289,000 and the median sold pricewas $250,000. The average sold price for theyear in Ocean City is $288,000, which isunchanged from 2015.

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Ocean PinesThe average sold price in Ocean Pines duringMay was $254,000 and the median sold pricewas $223,000. The average sold price for theyear in Ocean Pines is $244,000, which is a5% decrease from 2015.

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Sold Listing Prices

Sold Listing Volume

Listing UpdatesGet new listings that match your specifications delivered to your inbox.

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7/26/2019 Ocean City Real Estate Report - June 2016

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Ocean CityThe average sold price per square foot inOcean City during May was $249. Theaverage sold price per square foot for the yearin Ocean City is $243, which is unchangedfrom 2015.

Ocean PinesThe average sold price per square foot inOcean Pines during May was $160. Theaverage sold price per square foot for the yearin Ocean Pines is $143, which is down by 3%from 2015. 1

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Ocean CityThe absorption rate in Ocean City currentlystands at 10 months, which is a 3 monthimprovement over 2015.

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Ocean PinesThe absorption rate in Ocean Pines currentlystands at 5 months, which is a 3 monthimprovement over 2015. 8

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Absorption Rates

Average Sold Price/Sq. Ft.

Sold ListingsView MLS reports for recently sold properties, sorted by property location

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7/26/2019 Ocean City Real Estate Report - June 2016

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Ocean CityOcean City properties that went to settlementduring May sold on average at 95% of thelisting price. The sold to list price ratio for theyear in Ocean City is 95%, which is a onepercent improvement over 2015.

Ocean PinesOcean Pines properties that went to settlementduring May sold on average at 97% of thelisting price. The average sold to list price ratiofor the year in Ocean Pines is 96%, which isunchanged from 2015.

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Ocean CityOcean City properties that went to settlementduring May averaged 174 days on the market.Average days on market for the year in OceanCity are 191, which is a 10% increase over2015.

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Ocean PinesOcean Pines properties that went to settlementduring May averaged 100 days on the market.Average days on market for the year in OceanPines are 112, which is a 30% decrease from2015.

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Average Days on Market

Sold to List Price Ratios

Property ValuesGet a current market valuation of your property emailed to you

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7/26/2019 Ocean City Real Estate Report - June 2016

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Ocean City128 Ocean City properties went under contractduring March bringing the total number ofpending listings for the year to 531, whichrepresents an 8% increase in market activityover 2015.

View Pending Sales in Ocean City

Ocean Pines38 Ocean Pines properties went under contractduring May bringing the total number ofpending listings for the year to 174, whichrepresents a 9% increase in activity over 2015.

View Pending Sales in Ocean Pines

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Ocean CityThe average price of Ocean City properties thatwent under contract during May was $308,000and the median pending price was $250,000.The average pending listing price for the yearin Ocean City is $300,000, which is down by4% from 2015.

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Ocean PinesThe average price of properties that went undercontract in Ocean Pines was $260,000 and themedian pending listing price was $245,000.The average pending listing price for the yearin Ocean Pines is $263,000, which isunchanged from 2015.

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Under Contract Listing Prices

Under Contract Listing Volume

Community PagesFind all of the relevant information for each OC market area in one place

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7/26/2019 Ocean City Real Estate Report - June 2016

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Ocean City135 new properties were listed in Ocean Cityduring May bringing the total number of newlistings for the year to 757, which is a slightdecrease from 2015.

View Ocean Citys New Listings

Ocean Pines62 new properties were listed in Ocean Pinesduring May bringing the total number of newlistings for the year to 234, which is unchangedfrom 2015.

View Ocean Pines New Listings

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Ocean CityThe average price of new listings in Ocean Cityduring May was $300,000 and the median newlisting price was $255,000. The average newlisting price for the year in Ocean City is$330,000, which is down slightly from 2015.

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Ocean PinesThe average price of new Ocean Pines listingsduring May was $303,000 and the median newlisting price was $237,000. The average newlisting price for the year in Ocean Pines is$336,000, which is an 8% increase over 2015.

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New Listing Prices

New Listing Volume

Blog ArticlesView helpful articles that can assist you with buying and selling real estate

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