While real estate activity in Fenwick Island was up considerably through May compared to last year, we experienced a slowdown in June and July. During those months, 8 properties went under contract in Fenwick, compared to 11 in June and July of last year.
As the chart illustrates, total sales in Fenwick Island are up 13% year-to-date, while sales volume in dollars is up 17%. Inventory is flat compared to the same time last year, and properties are staying on the market much longer, with 59 days as the median days-to-contract.
So far this year, our group has represented more Fenwick Island buyers and sellers than any other agent or group. If we can provide you with any real estate guidance as a buyer or a seller, please give us a call.
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