As of 12/22/07, based on the information found in the Coastal Association of REALTORS® Multiple Listing Service (dpol), the Ocean Pines single family home market is down 49 units settled from the same period in 2006. There are currently 277 single family homes on the market with 14 sales pending.
The average sale price is actually up a little over 1% from the same period last year to $349,852. The list to sell ratio is down however to 95.41% from 97.04% in 2006.
There are some good buys to be found with quite a few homes on the market listed under $200,000. While interest rates are still at historic low rates, buyers with good credit can still get some attractive financing.
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