Lower Eastern Shore, Md. – New local inventory saw a slight boost in February, according to the latest numbers from the Coastal Association of REALTORS® (Coastal).
New listings that went on the market in February 2019 were up seven percent compared to the same time last year in all three counties. That translates to 580 new listings. Individually, new available units were up by 0.6 percent in Worcester, by six percent in Wicomico, and by 50 percent in Somerset.
However, active inventory is still lower than it was a year ago. In all three counties, there was a total of 3,053 active listings, which is 20.2 percent lower than it was in February 2018. Active listings were down by 16 percent in Worcester, by 30.3 percent in Wicomico, and by 10 percent in Somerset.
New residential settlements in January were down by 6.4 percent overall compared to the same time last year in...