How is the Airbnb market in the winter in Ocean City, Maryland?

[Kanwar Sodhi]

Hey guys, found this great opportunity to buy an Airbnb in Ocean City, Maryland.

Anyone have experience with how this market is in September through March?

Should I wait till March to buy?

[Lauren Kormylo]

I grew up vacationing in OC in the summer.  I've been looking to buy an STR in the OC market since the beginning of the year.  3 beds, at least 2 baths, built in the 2000's with an elevator and pool, downtown or farther up, ocean block preferred, budget 400-450K. By the time I was able to travel there in late March, not much that fit was coming on the market, owners were holding onto them to keep the summer rents.  Prices skyrocketed, and are now are about 100K more for what I want.  I am now looking at the Delaware beaches, which did not go up as much.  OC has events all year, but there are so many available units for rent, you'll probably have low occupancy in the off season.  Purchase prices are still going up, however.  So I don't know if waiting until March would be best.  You'd have to balance the monthly expenses over the winter vs any increase in price. 
It would be worth paying for AirDNA for a month to analyze OC and get a good idea of yearly total income and occupancy for comparable units. Anyone can fill a place in the summer, and many people don't even try to rent in the off season.  So look at the better performing units that were available for rent 300+ days a year, to get a good idea of what you can expect.  I have done that for the Rehoboth area, and it has been worth it.