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Market Report

  • Closed Sales
  • New Listings
  • Average Sale Price
  • Median Days on Market
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Closed Sales

Ocean City is the East Coast’s favorite resort area. Like most vacation destinations, the real estate market experiences seasons of higher activity. According to the National Association of Realtors (NAR) vacation home sales are at an all-time high across the country as “baby boomers” are looking ahead and preparing for retirement. In addition to the national market trends, Ocean City’s individual personality seems to be bringing in the buyers in droves. Local events like the White Marlin Open and Bike Week expose the area to specific demographics of potential buyers.

As a result, Ocean City is in the midst of a very busy selling season, made evident by the vast number of closings outlined in the adjacent chart. Most closings take place from late spring into early summer. Units show the best in those times and buyers are hoping to close and make use of the numerous amenities the shore has to offer. Early fall also offers a slight increase in closed sales as visitors are still enchanted with the area after their vacations and are compelled to purchase a home or condo for their very own.

Month Closed Sales
November 2015 208
December 2015 243
January 2016 179
February 2016 200
March 2016 239
April 2016 310
May 2016 326
June 2016 346
July 2016 288
September 2016 269
October 2016 227
November 2016 189

What Our Clients Say

"I could not have been happier – first class –professional, and the staff is absolutely TOPS! Entire experience was a 10 out of 10"

 

Meet Us

Mark Fritschle first began selling Real Estate in Ocean City, Maryland in 1975, establishing Condominium Realty Ltd just a few years later in 1977.  Today The Mark Fritschle Group at Condominium Realty Ltd is still a family owned and operated business with Mark, Lora and Grant Fritschle all actively involved in its daily operations.

Officially ranked as the resort area's top Real Estate company (by transactional volume), Condominium Realty Ltd boasts 75 of the area's top Real Estate agents who specialize in all aspects of real estate.  Whether you wish to purchase a beach property, sell your resort home, participate in a 1031 like-kind exchange, or upgrade your vacation home to accommodate an expanding family, we have the tools and services to help you successfully and expeditiously reach your goals.  We commit our full resources to each and every project we undertake, and we take the time to formulate a strategy that is right for you.   Contact our office or one of our experts today.