Lower Eastern Shore, Md. – Another month of low inventory, less settlements, and higher prices has the Lower Eastern Shore aligned with the latest market trends reported by the National Association of REALTORS® (NAR).
 
According to the Coastal Association of REALTORS® (Coastal), August 2018 did see a 7.7 percent bump in new listings, but overall active listings were down by 24 percent on the Shore. That translates to 572 new listings and 3,149 active listings for the month of August. Individually, available housing units were down by 27.2 percent in Worcester County, by 23.3 percent in Wicomico County, and by 8.5 percent in Somerset County, compared to the same time last year.
 
New settlements were down by 7.4 percent overall compared to August of last year, with Worcester seeing a 1.8 percent drop, Wicomico a 12.9 percent drop, and Somerset a 24.2 percent drop. Year to date settlements were down overall...