Ocean View Real Estate: Buyer's or Seller's Market

Posted by Leslie Kopp & Christi Arndt on Tuesday, February 6th, 2024 at 8:00am

We are just one month into the year and so far, we are experiencing good buyer activity in Ocean View! In January, 27 properties went under contract in Ocean View. This is up compared to 24 sales during the same month last year, even though there is 15% less inventory available.    

During this time of the year, we like to calculate absorption rates to determine whether we are trending in the direction of a buyer’s or seller’s market. We compare the pace of sales over the previous 12 months to calculate how many Months Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory.  

We remain in a Seller’s Market for Ocean View and Bethany Beach real estate. If you are looking for Ocean View DE homes for sale to call your own or if you have been contemplating a real estate sale, we are here to help.

Please give us a call: (302) 541-5207. 

*Data was derived from the Sussex County MLS. Includes properties sold in Ocean View, DE. Does not include New Construction.  May not reflect all activity in the marketplace.

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