Eastern Shore Market Statistics for Nov 05/ December 05

Hello All-

Worcester County Maryland Sales and Average Price for November and December as follows:

Nov 2005 Sold Units 136 Nov 2004 Sold Units 186 Change -26.9%
Dec 2005 Sold Units 70 Dec 2004 Sold Units 197 Change -64.5%

Dec 2004 average price $347,515 Dec 2005 $405,808 Change +16.5%

Just an update as the market continues its healthy shift to a balanced buyer friendly market!




Data compiled from Maryland Association of Realtors.

Is There a Real Estate "Bubble?"?

My question to the public in general is, " Do you feel as an informed consumer that there is a Real Estate "bubble" ready to burst?" And if you care, as I do as a Realtor, from where did this "bubble"talk originate? Just answer with comments to either A) Economic statistics as they relate to jobless rate/ interest rates/ current affairs or ; B) the media and its hype? Please post your ideas, opinions and answers as I will post my feedback soon. Thanks, Jay.