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Ocean CityThere are currently 1091 homes, condos andtown homes for sale in Ocean City, which isdown by 2% from 2014.

Search All Ocean City Listings

Ocean PinesThere are currently 221 homes, condos andtown homes for sale in Ocean Pines, which isdown by 12% from 2014.

Search All Ocean Pines Listings

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Ocean CityThe average active listing price in Ocean City iscurrently $344,000 and the median listing priceis $280,000. The average active listing pricefor the year in Ocean City is $343,000, which isunchanged from 2014.

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Ocean PinesThe average active listing price in Ocean Pinesis currently $339,000 and the median activelisting price is $286,000. The average activelisting price for the year in Ocean Pines is$334,000, which in unchanged from 2014. 3

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8/9/2019 Ocean City Real Estate Report - June 2015

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Ocean City128 properties went to settlement in Ocean Cityduring May bringing the total for the year to416, which represents a 15% increase inactivity over 2014.

View Ocean City’s Sold Listings

Ocean Pines32 properties went to settlement in OceanPines during May bringing the total for the yearto 147, which represents a 41% increase inactivity over 2014.

View Ocean Pines’ Sold L istings

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Ocean CityThe average sold price in Ocean City duringMay was $291,000 and the median sold listingprice was $240,000. The average sold listingprice for the year in Ocean City is $289,000,which is a 4% increase over 2014.

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Ocean PinesThe average sold listing price in Ocean Pinesduring May was $252,000 and the median soldlisting price was $225,000. The average soldlisting price for the year in Ocean Pines is$258,000, which is a 5% increase over 2014.

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Ocean CityThe average sold price per square foot forproperties that settled in Ocean City duringMay was $240. The average sold price persquare foot for the year in Ocean City is $245,which is up slightly over 2014.

Ocean PinesThe average sold price per square foot inOcean Pines during May was $151. Theaverage sold price per square foot for the yearin Ocean Pines is $148, which is unchangedfrom 2014. 1

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Ocean CityThe absorption rate in Ocean City currentlystands at 13 months, which is a 1 monthimprovement over 2014.

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Ocean PinesThe absorption rate in Ocean Pines currentlystands at 8 months, which is down by 2 monthsfrom 2014.

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Ocean CityThe average sold to list price ratio forproperties that went to settlement in Ocean Cityduring May was 95%. The average sold to listprice ration for the year in Ocean City is 94%,which is unchanged from 2014.

Ocean PinesThe average sold to list price ration for OceanPines properties that went to settlement duringMay was 96%. The average sold to list priceratio for the year in Ocean Pines is 96%, whichis unchanged from 2014.

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J J A S O N D J F M A M13

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Ocean CityOcean City properties that went to settlementduring May averaged 181 days on the market.For the year sold properties in Ocean City areaveraging 173 days on the market, whichrepresents an 8% improvement over 2014.

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Ocean PinesOcean Pines properties that went to settlementduring May averaged 169 days on the market.For the year sold properties in Ocean Pines areaveraging 161 days on the market, which is a14% increase over 2014.

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Ocean City99 properties went under contract in OceanCity during May bringing the total number ofpending properties for the year to 493, whichrepresents a 17% increase in activity over2014.

View Pending Sales in Ocean City

Ocean Pines33 properties went under contract in OceanPines during May bringing the total number ofpending properties for the year in Ocean Pinesto 160, which represents an 11% increase inactivity over 2014.

View Pending Sales in Ocean Pines

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Ocean CityThe average price of properties that went undercontract in Ocean City during May was$320,000 and the median pending listing pricewas $260,000. The average pending listingprice for the year in Ocean City is $311,000,which is a 12% increase over 2014.

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Ocean PinesThe average price of properties that went undercontract in Ocean Pines during May was$243,000 and the median price was $215,000.The average pending listing price for the yearin Ocean Pines is $263,000, which is up by 3%over 2014.

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Ocean City146 new properties were listed in Ocean Cityduring May bringing the total new propertylistings for the year in Ocean City to 770, whichis a 3% increase over 2014.

View Ocean City’s New Listings

Ocean Pines52 new listings came on the market in OceanPines during May bringing the total for the yearto 232, which is a 5% increase over 2014.

View Ocean Pines New Listings 4 3

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Ocean CityThe average price of new listings in Ocean Cityduring May was $316,000 and the median newlisting price was $270,000. The average newlisting price for the year in Ocean City is$335,000, which is virtually unchanged from2014.

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Ocean PinesThe average new listing price in Ocean Pinesduring May was $307,000 and the median newlisting price was $237,000. The average newlisting price for the year is Ocean Pines is$311,000, which is down by 6% from 2014. 2

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