The housing market in Ocean City continues to see strong price appreciation, with values up 19.2% compared to last year. Home prices have decreased 3.1% in the past month. With 7.5 months of supply, Ocean City's inventory levels remain relatively tight. Homes are taking about 72 days to sell, which is -14 days longer than this time last year. Only 5.8% of listings saw price reductions, suggesting sellers are confident in their pricing. 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 446.9. Based on current market indicators, home prices in Ocean City are projected to decrease by approximately 8.2% over the next month.