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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
September 2016 269
October 2016 227
November 2016 189
December 2016 234
January 2017 151
February 2017 169
March 2017 269
April 2017 339
May 2017 362
June 2017 283
July 2017 256
August 2017 270

What Our Clients Say

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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 locally operated business, with Lora and Grant Fritschle 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.