Ocean View Sales Slow Mid-Year, Rebound in Fall

Posted by Leslie Kopp on Tuesday, November 13th, 2018 at 7:14am.

After a late Spring and Summer slow-down, the Ocean View Real Estate market experienced a nice rebound this fall.  There was a significant 54% rise in sales during the months of September and October when compared to 2017. Buyers benefited from a nice jump in September inventory!

As the chart illustrates, the market is trending in a positive direction when compared to last year. Additionally, properties are going under contract more quickly (109 average days to contract vs. 134 last year).

Ocean View Delaware Real Estate 2018 Fall Market Update

 

New construction single family home sales are fueling Ocean View's increase. Existing single family and townhome sales match 2017 while new construction homes have more than doubled (80 through October versus 56 during this same time last year).  These are encouraging trends and over-all, we are optimistic about the market as we head into 2019!

We wish you and your loved ones a very joyful holiday season!

Leslie Kopp & Christi Arndt

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