Fenwick Island 2023 Real Estate Market Recap
Posted by Leslie Kopp & Christi Arndt on Monday, January 8th, 2024 at 4:45pm
Happy New Year! We hope you and your family had a safe and healthy holiday season. As we look back on the 2023 beach real estate market, you might recall that the first few months were much slower when compared to 2021 and 2022. Inventory shortages continued to play a role in the slow down and interest rates rose to their highest level in more than 20 years. Sales picked up some in August and the positive momentum carried through the end of the year.
In December, there was good news for the real estate market when the Federal Reserve held their key interest rate steady for the third time and suggested that there could be rate cuts in 2024. This news has us optimistic about the year ahead for Fenwick Island Real Estate! If you have any questions, please give us a call, (302) 541-5207.
Click Here to View All Fenwick Island Real Estate For Sale
*Data was derived from the Sussex County MLS and tax records. Includes properties sold in Fenwick Island, South Bethany, Bethany Beach and North Bethany. May not reflect all activity in the marketplace.
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