Low Inventory Keeps Ocean View Market Firm

Posted by Leslie Kopp & Christi Arndt on Friday, August 26th, 2022 at 11:17am

We hope you are having a wonderful summer, it is hard to believe we are well into August already!

While total sales are down year-to-date in Ocean View, the real estate market remains firm. In fact, the median price for single family home sales is up 7% and 21% for condo/townhomes when compared to the first 7 months of last year. The median days to contract is just 8 days and while there has been a rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance during this time, please give us a call: 302-541-5207.


*Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Ocean View. May not reflect all market activity.




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