
*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the marketplace.
The summer season is underway, and we’ve enjoyed seeing so many homeowners and visitors return to the area over the past few weeks!
While overall sales volume is down 11% compared to last year, the Ocean View real estate market remains steady. Single-family home sales are down just 6%, inventory levels are essentially unchanged from a year ago, and sales of properties priced above $1 million have increased 33%. Median single-family home prices have remained stable, reflecting continued buyer demand.
Homes are taking longer to go under contract than they were a year ago, but with the summer season upon us, it
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