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

Market Report For Ocean City, NJ 4th quarter 2015.