Last month, we reported that the Ocean View real estate market was active in August. Unfortunately, this momentum did not continue into September. During the month, 31 properties went under contract. This is down 34% when compared to 47 sales in September of last year.
As the chart illustrates, through the first 3 quarters of the year, the market as a
whole has remained firm in Ocean View. However, it is important to watch inventory as there are nearly 30% more properties on the market today when compared to last year.
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