Ryan Haley brings you an Ocean City beach weekend and real estate market update.

 All of us here at Atlantic Shores welcome you to Ocean City to start Summer 2105 and enjoy a great Memorial Day weekend with your friends and family! The weather looks great with sunny skies and temps in the mid seventies.

The real estate market here in Ocean City is looking great too! The market is very active right now with high demand and fairly low inventory. There are a few factors that go into an active market and both buyers and sellers can benefit!

One ingredient for an active market is low interst rates which we are seeing now. This is the time for buyers to act on low interst rates which is in turn good for sellers! So far in 2015 inventory here in Ocean City is down by 4.5%. Right now there are 1,029 homes for sale on the 10 miles of beach in Ocean City. We have seen a huge increase, 15.8%, in the number of contracts written this year in OCMD. This is good beacuse it evantually translates to an increase in successful sales.

And sales are up!!! when comparing 2014 and 2015 there as been a 16.1% increase in sales with 259 sales so far this year.
The average days on market is declining and currently sits at 146 days. While we see a decline in days on market there has been an increase in the average sale price which is currently $271,000.

All of these factors add up to a healthy and thriving resort real estate market here in Ocean City, MD. Buyers- now is the time to act on low interest rates and prices before we start to see increases in both. Sellers- if you are thinking about selling, or weren't successful at selling in the past now is a great time to consider putting your house on the market.

If you have any questions about the market and what it means for you as a buyer or seller call the office today at 410-524-0919. It would be our pleasure to assist you in any way possible.

Click here to check out all of the properties for sale here in Ocean City as well as the DE beaches!