---
title: Ocean City MD Real Estate Market Update [May 2017]
description: Watch the Ocean City MD Real Estate Market Update for June 2017. Stay ahead with trends related to active inventory, sales & more.
---

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# [Ocean City MD Real Estate Market Update [May 2017]](https://www.myrealestatespot.com/blog/ocean-city-md-real-estate-market-update-may-2017)

 Written by [Michael Nolen](https://www.myrealestatespot.com/blog/author/michael-nolen-realtor) | June 10, 2017 at 1:00 PM

The Ocean City MD real estate market is hot. Often properties are going under contract in a blink of an eye. I hope you'll use this information to make smart and informed decisions when buying real estate in Ocean City, MD. In this June 2017 ***video market update*** I'll share trends related to the ***Ocean City MD real estate market from May 2017***.

### [May 2017 Market Update]

# Residential Real Estate in Ocean City MD

Let's take a look at active residential real estate in Ocean City, MD.

### Active Inventory 

During the month of May the number of active listings was down **↓ **21% from 2016 and down **↓** 5% percent from the month of April 2017. With less inventory buyers who waited to buy may have a smaller selection to choose from.

### Median Listing Price

 

As you can see from the market watch video below, the median listing price in the Ocean City MD real estate market was just over $300,000.

 

### Days on Market

 

The average number of days that proeprties spent on the market before being sold decreased **↓ **9%. This lower number of days may signal a postive in the local inventory turnover rate.

 

### Median Sales Price

 

The median sale price was just under $260,000.

 

### Home Sales

 

The number of properties sold increased **↑**** **33% compared to 2016 and increased **↑**** **28% compared to August 2017. This information shows buyers have been taking advantage of [Ocean City MD Real Estate for Sale](https://www.myrealestatespot.com/quick-search-ocean-city-md-real-estate-listings).

 

 

## Market Watch Video Update

# Ocean City, MD Real Estate Market [May 2017]

 

 

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