Berlin, Md. – Several months of increased contracts translated into settlements in February, according to the latest figures from the Coastal Association of REALTORS® (CAR).
CAR’s local housing statistics for February 2016 showed an overall 5.2 percent increase in settlements compared to the same time last year in Somerset, Wicomico and Worcester counties. Of particular note were increases of 24.4 percent and 75 percent in Wicomico County single family homes and condominiums, respectively.
Worcester County’s settlements of single family homes and condominiums decreased by 16.7 percent and 11.9 percent, respectively, compared to the same time last year.
Contracts, or pending sales, were largely down, with the exception of a 12.5 percent increase of condominiums in Wicomico County, a 2.5 percent increase of single family homes in Wicomico County, and a 3.9 percent...