BERLIN- The local housing market continues to show marked signs of improvement, according to the latest figures from the Coastal Association of Realtors (CAR).
In 2016, single-family home sales increased by about six percent compared to 2015 in the entire Tri-County area. Contracts increased by about five percent and the average sale price increased by about eight percent. New listings of single-family homes decreased by about six percent.
Condominium sales in 2016 increased by about nine percent and average condominium sale prices decreased by about 10 percent. In Worcester County alone, single-family home sales increased by about four percent, compared to 2015. Single-family home contracts increased by about two percent, and the average sale price of a single-family home increased by eight percent. Listings decreased by eight percent. Condominium sales in Worcester County increased by nine percent and average condominium sale prices increased by seven percent.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
As usual, the shore is about 5 years behind the rest of the country.
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