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Ocean Pines MD Real Estate Market Update [September 2017]

Michael Nolen of Coldwell Banker Realty
by Michael Nolen of Coldwell Banker Realty on November 1, 2017 at 10:20 AM

The Ocean Pines MD real estate market is hot! If you're considering buying a home in Ocean Pines, MD, you'll want to stay ahead of the market and be aware of changes. In this post, I'll share a video update of the Ocean Pines MD real estate market from September 2017.

[September 2017]

Residential Real Estate in Ocean Pines, MD



Active Inventory 

during the month of August the number of active listings was down  32% from 2016 and down 13% percent from the month of August. With less inventory buyers who waited to buy may have a smaller selection to choose from as you can see the median listing price.

Download GuideMedian Listing Price

The median listing price in the Ocean Pines, MD real estate market was just under $300,000.

Days on Market

The average number of days that properties spent on the market before being sold increased  14%. This higher number of days may signal a slowdown in the local inventory turnover rate.

Median Sales Price

The median sale price was just over $250,000.

Home Sales

The number of properties sold increased 15% compared to 2016 and decreased 17% compared to August 2017. The higher year over year figures indicate that more buyers have been finding what they're looking for when searching Homes for Sale in Ocean Pines MD.
Search All Ocean Pines Homes

Market Watch Video Update

Ocean Pines, MD Real Estate Market [September 2017]



Download Guide

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Michael Nolen of Coldwell Banker Realty
Michael brings a diverse background of mortgage, loan servicing and housing experience. Michael offers his clients a variety of helpful resources, guides and services that helps make buying and selling coastal real estate in the Ocean City, Ocean Pines, and Coastal Delaware markets. Michael has over 11 years industry experience and invests and manages vacation rental properties in the Ocean City, MD area through Nolen Invest and Nolen Vacation Rentals.
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