Ocean View Market Update 11/4

Posted by Leslie Kopp & Christi Arndt on Tuesday, November 12th, 2024 at 11:03am

Last month, we shared with you that real estate sales had been strong through the first 3 quarters of the year for Ocean View. After a tremendous September, the momentum slowed in October as 25 properties in Ocean View went under contract last month. This is down 17% compared to 30 sales in October of 2023. As the graph illustrates, the median sale price for condo/townhome properties in Ocean View have risen in 2024 while single family values have held firm.  During this time of Thanksgiving, we are grateful that so many of you look to our group for real estate guidance and expertise.  We wish you all a healthy and very joyful holiday!

If you are considering a purchase or a sale, it is never too early to have a conversation. Please give us a call:

(302) 541-5207

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

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