The housing market in Ocean City continues to see strong price appreciation, with values up 18.7% compared to last year. Home prices have decreased 46.5% in the past month. With 26 active listings, inventory is 73% higher than seasonal norms. Homes are now taking an average of 86 days to sell, significantly longer than the 57 days typical for this market. A significant 46.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Ocean City market with the affordability index at 232.9. Based on current market indicators, home prices in Ocean City are projected to increase by approximately 11.7% over the next month.