The Ocean City Maryland June Housing Report for condominiums is showing signs of improvement. The number of news listings are down. The absorption rate is also down to 14.95 months vs 17.51 months in August of 2011. List prices remain stable, however the Sold to List Price is around 87.5%. The average days on the market is down to 239.5 days.
Based on this information, it is still a Buyer's market and there are a lot of opportunities for those looking to purchase a condominium for vacation or investment. Interest rates are still great, so it really is a great time to buy your place at the beach.
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