Sea Colony Real Estate Market Remains Firm through Q3

Posted by Leslie Kopp & Christi Arndt on Thursday, October 19th, 2023 at 12:52pm

As we look back at the first 3 quarters of 2023 compared to recent years, the Sea Colony real estate market slowed considerably. Even as interest rates rose to levels that we have not experienced in more than 20 years, we continue to have a shortage of inventory.

Last Fall, we experienced an uptick in inventory, but as the chart illustrates, that has not been the case so far this year.  Inventory in Sea Colony was down 21% on October 1 of 2023 when compared to the same day in 2022.

History tells us that real estate as a long term investment is very strong and the ability to have immediate use and enjoyment of a second home asset is something that we hear often from buyers, especially in today’s environment.  If you are exploring your options as a buyer or seller of Sea Colony real estate, we always welcome a conversation. Please message us on the website or give us a call at our real estate office in Bethany Beach and ask to speak with our Sea Colony Real Estate Specialists, Gail Phelan or Chris Housman: 302-541-5207.

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