Market Still Strong in Ocean View Heading into Summer

Posted by Leslie Kopp & Christi Arndt on Thursday, May 18th, 2023 at 12:00pm

Happy Spring! As we look back on the first 4 months of the year, there was certainly some slowing in real estate sales in Ocean View when compared to 2022. However, the good news is that there is currently a high level of activity ahead of the upcoming summer season.

As the chart illustrates, values are up when compared to the same time period last year and while inventory has nearly doubled with 69 properties for sale, it is still far below pre-pandemic levels when it was common to have more than 200 properties available for sale in Ocean View. During the month of April, we listed a number of homes that went under contract within just a few short days and the majority of these listing had multiple offers.     

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

*Data was derived from the Sussex County MLS. Includes properties in Ocean View. May not reflect all activity in the marketplace.

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