Spring Market Firm in Ocean View, Inventory Rising Heading into Summer

Happy Spring! As we look back on the first 4 months of the year, there was some slowing in Ocean View real estate when compared to 2024. With 116 properties currently for sale, inventory has grown by 40% in the last year. It is important to note that we are still far below pre-pandemic levels when it was common to have more than 200 properties available for sale in Ocean View.

As the chart illustrates, the number of properties sold was down 17% and sales volume was down 19%.  The median sale price is up 5% when compared to the same time period last year, and some additional good news is that properties that did sell went under contract about 1 week faster than last year.

If we can offer you any real estate guidance as a buyer or seller in Ocean View, please give us a call: (302) 541-5207