Ocean View Market Remains Firm Amid Slower Sales
After a slower start to the year, the Ocean View real estate market picked up nicely in the second quarter of 2019 and remained firm through the third quarter. While new contracts were down in September (26 vs. 34), this follows a strong summer where sales were relatively flat compared to last year.
As the chart illustrates, many year-to-date market statistics in Ocean View, through Q3, appear to be soft for property owners. This is not necessarily true. We have seen a nice pick-up in activity over the last 6 months and the over-all market beach market is trending in a very positive direction. Inventory remains low when compared to recent years. If you are considering a future sale or looking to buy, now is the time to prepare.
Leslie Kopp & Christi Arndt