Weekly Real Estate Market Update for Ocean City, Maryland and Surrounding Counties - 5/24/2024

Ryan Haley is back with the real estate market report for Delmarva. Coming back on May 21st, getting ready to go into Memorial Day Weekend, the kickoff to the summer season here at the beach. 

Worcester County Real Estate Market Report

What's going on with the real estate market report here in Worcester County, Maryland? In the last seven days, we had 53 new listings hit the market while we had 51 go under contract in that period of time countywide. There are 543 properties currently active for sale today, while we're selling 169 over the course of the last 30 days. That gives us a 3.2 months' supply in Worcester County.

Wicomico County Real Estate Market Report

In Wicomico County, there were 36 new listings in the last seven days while we had 31 go under contract in that period of time. Fairly balanced, with 190 total active properties in the inventory there in Wicomico County, and we're selling 107 over a 30-day period. That gives us a 1.8 months' supply in Wicomico County.

Sussex County Real Estate Market Report

In Sussex County, Delaware, there were 186 new listings in the last seven days while we had 169 go under contract during that period of time. There are 1,759 total actives, and we're selling 532 over the course of the last 30 days. That gives us a 3.3 months' supply.

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