This graph shows the price changes over the last 9 years in Atlantic County. Home prices reached their peak in 2006 at $279,418. You can see a big drop from 2007 to the third quarter of 2008. Prices are now somewhere between 2004 and 2005 levels.
The bad news for sellers is that if they bought at the peak their homes are now worth less. The good news is that affordability for home buyers is returning.
*Information is gathered from the SOUTH JERSEY SHORE REGIONAL MLS. This information is deemed reliable, but not guaranteed.