Sales Slow as Interest Rates Rise

June 27, 2022

  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,...

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Historic Highs and Historic Lows

May 16, 2022

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...

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Mortgage Rates Start to Climb but Our Local Market Is Not Slowing Down

April 12, 2022

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...

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Median Sale Price Rises Sharply!

March 30, 2022

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...

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Market Continues to Stay Strong as Selling Price Surges!

October 29, 2021

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...

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Be Ready to Act Quickly in the Current Market!

August 2, 2021

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...

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Don’t Wait, Your Dream Home Might Not Be There Tomorrow

June 14, 2021

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...

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Temperatures and Home Prices Continue Rising

June 2, 2021

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...

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Months of Inventory is Key Driver of Housing Market

March 23, 2021

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...

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Lack of Inventory Continues to Dominate Market

January 26, 2021

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...

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