Here’s an update on the Ocean City NJ real estate market. If you notice the “sold dollar volume” has nearly double from January 2013 to January 2014. This is great news for our improving market. The average selling price to listings price has also improved from this time last year. However, listings are taking about 6 months to sell in the current market on average.
Three reports follow. The first is a general statistical report for all of Ocean City NJ. The second and third reports breakdown condo and single family home sales respectively.
This past month has been a little slow on listing showings/activity. Which I believe we can directly contribute to the harsh winter weather conditions our neighbors and out of state buyers have experienced.
Please share this report and use the comments below or live chat to discuss your opinion on Ocean City’s current real estate market! If you have any questions about the current market conditions in Ocean City…just ask!
1) January 2014 Market Statistics Summary
3) Single Family Homes