2010 Year End Ocean City MD Real Estate Market Report - Ryan Haley Realtor
By Ryan Haley, Ocean City MD Real Estate - DE Beach Home Realtor
(Ryan@RyanHaley.com Ocean City MD Real Estate Sales)
The books are closed on 2010 and many are asking, How was the year in real estate at the Beach? With the help of a strong end of year rush to buy, the sales numbers came in pretty strong! Ocean City Condos sales jumped up 17.1 percent from the 2009 numbers with a total of 884 condos sold for the year. At the same time inventory decreased 15.2 percent from the end of 2009 with 1,226 condos presently for sale. For The Greater Ocean City area Single Family Homes, sales were up 23.6 percent with 570 homes sold in 2010, compared to 461 in 2009. Inventory also decreased but at a lower rate of 7.9 percent with 663 single family homes currently for sale. How does this compare to other years? Surprisingly 2010 was the second best year in the last 5 years! 2005 was the peak year in terms of numb...
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