*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View. May not reflect all activity in the marketplace.
During the first quarter of 2025, the Ocean View real estate market was softer when compared to 2024. Total sales were down 33% (53 vs 79) during the first quarter. Inventory is growing and properties took 2 months, on average, to go under contract. The graph above illustrates historic inventory levels on April 1 each year and the median sale price of properties sold in the first quarter. We feel the market shifting, but real estate remains a solid long term investment. Please give us a call if you are a potential buyer or seller and would like to discuss the market in detail.
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