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Interest Rates and Inventory Rise as Listings and Prices Drop
August 19th, 2022 Interest Rates and Inventory Rise as Listings and Prices Drop Lower Eastern Shore, Md. – The seasons are changing and so is the market on the Lower Shore. Last month home sales dropped by 27% across Maryland and dropped 20.9% locally. Interest rates continue to...
Read MoreHousing Market Continues to Slow
July 28th, 2022 Housing Market Continues to Slow Lower Eastern Shore, Md. – The market is starting to slow down and that could be a good thing. In June we saw home prices and interest rates dip and inventory grow. The median home price is 15.1% higher than it was in June...
Read MoreSales 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 MoreHistoric 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 MoreMortgage 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 MoreMedian 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 MoreMarket 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 MoreBe 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 MoreDon’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 MoreTemperatures 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...
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