Berlin, Md. – The Lower Eastern Shore kicked off the fourth quarter of 2015 with increased home settlements, according to the latest figures from the Coastal Association of REALTORS® (CAR).
CAR’s local housing statistics for October 2015 showed an overall 9.7 percent increase in settlements of single family homes and condominiums compared to the same time last year in Somerset, Wicomico and Worcester Counties.
Single family homes in Wicomico and Worcester Counties saw the highest jump in settlements, increasing by 16.9 percent and 8 percent, respectively. Condominiums in Worcester County also saw a significant increase of 15.7 percent compared to the same time last year.
Overall contracts, or pending sales, were also up by 30.1 percent. Single family homes in Worcester County saw the most impressive hike in contracts with a 53.3 percent increase compared to the same...