Here’s what’s happening in the Ocean City, NJ real estate market:
Average sales price of $588,770 has gone down by 1% compared to the 3rd quarter of 2015 and down 1% from 4th quarter of 2014. Median sales price of $481,000 is down 7% compared to the 3rd quarter and 1% down from 2014. Sales volume of 222 units sold is down 7% from the 3rd quarter and up 2% from 2014. Days on market has gone up also to 128 days on market.
Right now is a great opportunity to buy sell and invest in Ocean City. Please contact me for more information on Ocean City, NJ real estate. Matt