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Homes for Sale Ocean City NJ Market Trends September 2017
Homes for Sale Ocean City NJ Market Trends September 2017
Single Family
Homes for Sale in the Ocean City Real Estate Market showed mixed results for September. September saw a 19.1% decrease in new listings coming on the market over September 2016. 38 newly listed single family homes where introduced to the market.
Sold properties in September where down 41.9% with 18 sold single family properties. 
Combined, the total number of new listings of Ocean City NJ Homes for Sale and total inventory versus the number of properties being sold has allowed the months supply of inventory to decrease to 10.4 months. This still denotes a strong Buyers Market but is a 9.6% improvement from 11.5 months last September.
 
Average Days on Market is up 81.6% to 136 days. Days on Market only reflects the properties that have sold and not an average of the total inventory that is currently available. 
The inventory of homes for sale is down 13.3%.
Median Sale Prices for this September were down 3.2% from September 2016.  
 
Condos for Sale Ocean City, NJ - Real Estate Market Trends - September 2017
The Ocean City Real Estate Market for Condos is showing improvement for September. September showed a 12.3% increase in new listings coming on the market. 146 newly listed condos where introduced to the market. 
Sold properties in September were up 7.7% from last September with 56 sold condominium properties. 
Combined, the total number of new Condo ... more

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