Julie Stevenson

Saint Michaels, MD 21663

Single-Family Homes

Shore Living By Design



Saint Michaels, MD 21663

Sun May 26 2019
This week the median list price for Saint Michaels, MD 21663 is $654,500 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 60. Click here to stay informed with the Saint Michaels market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Saint Michaels, MD 21663

Sun May 26 2019
This week the median list price for Saint Michaels, MD 21663 is $654,500 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 60. Click here to stay informed with the Saint Michaels market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Saint Michaels market.
Median List Price $654,500
Per Square Foot $286
Days on Market 137
Price Decreased 30%
Price Increased 2%
Relisted 5%
Inventory 60
Median House Rent
Most Expensive $4,900,000
Least Expensive $150,000
Market Action Index
Slight Buyer's Advantage
29

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,880,000 4,052 2.5 - 5 acres 4 4 43 1 0 133
$845,000 2,900 1 - 2.5 acres 3 3 99 0 0 223
$560,000 2,282 0.25 - 0.5 acre 3 2 39 1 0 123
$395,000 1,892 0.25 - 0.5 acre 3 2 33 3 1 70