Ocean City MD Housing Market Data for April 2016
Units Sold
There was an increase in total units sold in April, with 128 sold this month in Ocean City Real Estate. This month's total units sold was higher than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 175 units or 14%. The total number of active inventory this April was 1,055 compared to 1,230 in April 2015. This month's total of 1,055 is lower than the previous month's total supply of available inventory of 1,065, a decrease of 1%.
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Median Sale Price
Last April, the median sale price for Ocean City Homes was $252,500. This April, the median sale price was $241,650, a decrease of 4% or $10,850 compared to last year. The current median sold price is 7% lower than in March.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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