Ocean City NJ Heading Into 2019: A Look Back At 2018
As we start 2019 I wanted to take a quick look back at 2018 and how 2018 compared to the previous year.
In 2018 Ocean City had a very strong real estate market, improving upon an already good 2017. Properties sold in less time, average days on market were down almost 14%. Property values increased, with average sold prices up over 5%! Although approx. 32 less properties sold over the year. Sometimes times this happens in a market where prices are increasing, sellers might choose to hold onto their property instead of selling.
Overall, if you own in Ocean City, 2018 was likely a great year for the value of your property!
2017 vs 2018
Average Days On Market
Average Sold Price
# Of Sales
↓ 32 Units