Lower Eastern Shore, Md. – Increased interest rates and home prices continue to slow the market on the Lower Shore, according to the latest numbers from the Coastal Association of REALTORS® (Coastal).
 
New residential settlements in December 2018 were down by 27 percent overall compared to the same time last year in Somerset, Wicomico, and Worcester counties. Individually, settlements were down by 33 percent in Worcester, by 15.3 percent in Wicomico, and by 44.4 percent in Somerset. Year-to-date settlements across the Tri-County area totaled 4,443, which is four percent lower than the same time last year.
 
New listings that went on the market in December were down 14.8 percent compared to the same time last year in all three counties. That translates to 304 new listings and 3,091 active listings. Individually, available units were down by 14.7 percent in Worcester, by 24 percent in Wicomico, and by 3.2...