As we head into what is typically an active selling season for beach property, this is a time 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 determine how many Months’ Supply of Inventory is for sale. Generally, a balanced market would have between 6 to 7 months of inventory. At this time, both Sea Colony East and West have 2 months or less of inventory and we remain in a Seller’s Market.
Even with a serious winter storm that left us under snow for many weeks, we experienced good buyer activity at the beach during the first month of the year. In January, 5 properties went under contract in Sea Colony. This compares to 6 sales in 2024 and 3 in 2023. We continue to be optimistic about the year ahead and always welcome a conversation!
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