Are you curious how the current conditions of the Coronavirus are affecting our real estate market?  It is too soon to tell how and if prices will be affected.  However, we have seen a natural decline in new listings coming onto the market and properties going under contract.  The charts below show both of our local MLS systems.  This isn't necessarily bad new because the decrease in market activity is expected due to the virus and stay at home orders.   It is also good news that the decline in listing and contracts is proportional.  It would be concerning news if new listings was increasing but contracts were decreasing, for example.  Contact us with any questions.

South Jersey Shore MLS (Atlantic County and Ocean City NJ)​​​​​

Cape May County MLS (Excludes Ocean City NJ)

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