Sales Slow as Interest Rates Rise
June 27th, 2022 Sales Slow as Interest Rates Rise Lower Eastern Shore, Md. – Interest rates have been rising steadily and we are seeing a slowdown in the market because of that. Between rising costs of homes and now higher interest rates buyers, especially first-time buyers,...Read More
Historic Highs and Historic Lows
May 17th, 2022 Historic Highs and Historic Lows Lower Eastern Shore, Md. – $400,000 was the median sales price for homes in Worcester County last month and that was a historic high. For the lower three counties combined the median price was $325,000 which was also a historic high...Read More
Mortgage Rates Start to Climb but Our Local Market Is Not Slowing Down
April 12th, 2022 Mortgage Rates Start to Climb but Our Local Market Is Not Slowing Down Lower Eastern Shore, Md. – Mortgage rates have been climbing recently and are reaching levels we haven’t seen since 2011. As rates go up, we would expect to see a cooling off of the market but...Read More
Median Sale Price Rises Sharply!
March 30th, 2022 Lower Eastern Shore, Md. – In March of 2020, at the start of the pandemic, the median home price in the lower three counties was $231,250. Over the last 2 years, as inventory has dropped, home prices have risen. We have seen a few months where they have gone down...Read More
Market Continues to Stay Strong as Selling Price Surges!
October 29th, 2021 Market Continues to Stay Strong as Selling Price Surges! Lower Eastern Shore, Md. – The weather may be cooling off, but the housing market is not following suit. September gave us a historic high for home sale prices in the lower three counties reaching...Read More
Be Ready to Act Quickly in the Current Market!
July 29th, 2021 Be Ready to Act Quickly in the Current Market! Lower Eastern Shore, Md. – Less than a week. That is the median time you have from when your dream home comes on the market to when it is under contract. Six days to see the listing, talk about it with your...Read More
Don’t Wait, Your Dream Home Might Not Be There Tomorrow
June 14th, 2021 Don’t Wait, Your Dream Home Might Not Be There Tomorrow Lower Eastern Shore, Md. – Is that house you have always dreamed of about to hit the market? Don’t hesitate, because it may not be there for long. Buyers must be prepared to move faster than ever in this...Read More
Temperatures and Home Prices Continue Rising
May 28th, 2021 Temperatures and Home Prices Continue Rising Lower Eastern Shore, Md. – Thinking about selling your home? Now is the time to do it. Home prices continue to rise and buyers continue to have bidding wars on homes and offer above asking. Inventory is still at...Read More
Months of Inventory is Key Driver of Housing Market
March 22th, 2021 Months of Inventory is Key Driver of Housing Market Lower Eastern Shore, Md. – What is housing inventory and why does it matter? In short, “months of inventory” is a snapshot of time taken at the end of the month. It is the number of houses that are for sale (active...Read More
Lack of Inventory Continues to Dominate Market
January 26th, 2021 Lower Eastern Shore, Md. – 2020 is over and for most of us it will be a year we never forget. Americans have dealt with a lot of change over the last 12 months and the housing market has been changing with them. Over the last 12 months the average home in our area has increased...Read More