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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 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 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...
Read MoreLack 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 MoreListings are going down; prices are headed up!
Listings are going down; prices are headed up! Lack of inventory ahead for winter Lower Eastern Shore, Md. – Winter is coming and but the real estate market on the Eastern Shore is not cooling down. Low inventory is driving prices up and homes are flying off the market according to the...
Read MoreSettlements remain steady, inventory sees sharp decline in COVID-19 crisis
Lower Eastern Shore, Md. – While the COVID-19 crisis appears to be impacting housing inventory on the Lower Eastern Shore, residential settlements remained steady throughout March, according to the latest numbers from the Coastal Association of REALTORS® (CAR). In all three counties throughout...
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