Lower Eastern Shore, Md. – January’s frigid temperatures did not slow local inventory growth, according to the latest numbers from the Coastal Association of REALTORS® (Coastal).
New listings that went on the market in January 2019 were up 15 percent compared to the same time last year in all three counties. That translates to 524 new listings. Individually, new available units were up by 22 percent in Worcester, by eight percent in Wicomico, and by 3.2 percent in Somerset.
However, active inventory is still lower than it was a year ago. In all three counties, there was a total of 2,886 active listings, which is 21.7 percent lower than it was in January 2018. Active listings were down by 17.5 percent in Worcester, by 30.3 percent in Wicomico, and by 13.3 percent in Somerset.
New residential settlements in January were down by 29.8 percent overall compared to the same...