We’re often asked, “How’s the real estate market?” We’re pleased to share the latest data with you that has been compiled for Dorchester, Talbot, and Wicomico Counties.
Overall, the current market reflects that buyers and sellers are adjusting to the ‘new normal’ of 30-year fixed rate mortgage rates between 6% and 7%. Although these rates seem high compared to the 2010 – 2022 timeframe, they are still historically low, as shown in this interactive FRED chart. The following reports show that, generally speaking, there weren’t substantial changes in the local real estate market in 2024 as compared to 2023.
As you prepare to buy or sell your home, it’s a good idea to familiarize with the data in these reports. It will give you a sense of what to expect. Our Realtors are happy to discuss these data with you as part of your overall buying and/or selling strategy. Please don’t hesitate to contact us to get started. We love our jobs, and we’re happy to help!
Dorchester County 2024 Real Estate Market Stats
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Talbot County 2024 Real Estate Market Stats
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Wicomico County 2024 Real Estate Market Stats
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