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.
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