2024 Ocean View Real Estate Market Recap
Posted by Leslie Kopp & Christi Arndt on Wednesday, January 15th, 2025 at 9:48am
*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the marketplace.
Happy New Year! As we reflect on 2024, you might recall that throughout most of the year, real estate sales in Ocean View were comparable to 2023. Limited inventory kept values high, even as interest rates increased heading into the Summer season and sales remained steady from January through September. Buyer activity slowed considerably in the Fall, as anticipated, with the election and Holiday Season.
We are optimistic and enthusiastic about the market in the year ahead! If you are considering a purchase or sale of Ocean View real estate, it is never too early to have a conversation or to begin preparations. We are here to help. Please give us a call (302) 541-5207.
In 2024, properties in Ocean View that were listed with our group went under contract faster, on average (32 days vs. 54) and our clients received a higher sale-to-list price ratio when compared to the rest of the resale market.
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