The regional Bright Multiple List Service (Bright MLS) supplies weekly, monthly, quarterly and annual data on the real estate market. They also dial down to our local region under the Del/Mar Coastal region of stats that includes Worcester, Wicomico, Somerset and Sussex county market data.
For the week ending Nov. 24, 2024, here is their weekly snapshot for the Del/Mar Coastal region:
A few other market stats they provided for the entire Bright MLS Mid-Atlantic service area are:
• While market activity typically cools late in the year, the number of new contracts across the Bright MLS service area rose by 0.2% from a week ago, indicating stronger-than-usual November buyer activity. Since early September, new contract activity has generally been tracking above 2023 levels.
• There were 68,086 showings for the week ending November 24 in the Bright MLS service area. Weekly showing activity has been outpacing last year’s level for ten consecutive weeks. From last week, showings are down 9.3% as the market cools for the holiday season.
• The median list price in the Mid-Atlantic was $375,000, a strong 7.1% over last year. List prices have been cooling seasonally, with the median list price in the Bright MLS service area down 3.8% from last week.
Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.
