Setting the listing price for your property is one of the most important steps in the listing process.  If you set the price too high you will have limited showing activity and your home will sit on the market.  If you price the property too low you could be leaving thousands of dollars on the table.  A well priced home will generate competitive offers and sell within a reasonable amount of time for the highest price possible.

I am frequently asked whether it is a Buyer's market or Seller's market and what the demarcation line is for real estate in Ocean City, Maryland and the surrounding coastal communities.  In this article I will explain Buyer's markets, Seller's markets, how they are established and what you can expect in each one.

Active Listings

There are currently 187 homes, townhomes and condos for sale in Ocean City, MD, which represents a 47% increase in inventory over 2022.

 

Active Listing Prices

The average active listing price in Ocean City is $721,000 and the median listing price is $535,000.  The median listing price for the year in Ocean City is $529,000, [...]

Before you start looking at homes and condos for sale in Ocean City, Maryland or enter into any type of real estate agreement it is helpful to know which real estate agents represent who in any given real estate transaction.

The current low inventory levels in the Ocean City, Maryland real estate, coupled with strong Buyer demand is still leading to multiple offer situations on the more desirable listings that come on the market.  Multiple offer situations are a challenge to navigate and you have to be prepared ahead of time.  I have successfully [...]

Are you interested in learning how to surf while you are visiting Ocean City, Maryland?  If so, the folks at the Wave Riding School hosted by the K-Coast Surf Shop on 35th St. have a great program.  The Wave Riding School has a unique teaching program that is suitable for beginners to advanced riders.  Through their surf instruction system [...]

Closing costs are the expenses, fees and taxes associated with the sale of a home.  Closing costs will vary from transaction to transaction depending on the terms and structure of the real estate contract.  Below is an overview of the standard closing costs you can expect when selling a home or condo in Ocean City, MD and the surrounding [...]

Condominium fees are the monthly maintenance costs associated with a particular Ocean City condo or townhome.  They cover the operation, general maintenance and management of the respective community.  Condominium fees will vary from community to community depending on the property type, age of the community and the amenities it offers.  [...]