For Zip Code 21919
May sales for Earleville MD continued to be very weak with only 1 property selling. Even though this is a very weak number, so far this year is better then last. A total of 10 properties have sold since the beginning of the year! There are a total of 10 pending sales in the zip code which should show a seasonal uptick for the next couple of months.
Total Sales (10) are just above 2010 Levels (8)
Listing Inventory has remained steady (76), however that translates to over 3 Years worth of inventory!
Overall Earleville Remains one of the weakest areas for the whole county.
The Bottom Line:
We should start to see some price stabilization, for now...But there are some signs that the large financial institutions will begin putting foreclosures on the market again. Word is that they will be placing them on the market in a staged approach, (a few a month) so as not to de-stabilize the market. Only time will tell.
Steve Hubbell, Realtor® - Internet Marketing Specialist - The "Bay Property Team" was formed in 2006 by Susan and Steve Hubbell to specialize in helping Buyers and Sellers invest in Waterfront and Water Access Properties in Chesapeake City, Elkton, Earleville, and Warwick in Cecil County MD. We also serve, Georgetown, Galena, and Kennedyville in Kent County MD and surrounding areas. (800)-890-0381