For well over a year, we have been reporting that monthly sales are down when compared to the same time period last year. This trend finally broke in August! During the month, 28 properties went under contract vs. 24 in August of 2022. Meanwhile, inventory is still deficient with only 36 properties for sale versus 61 at this same time last year.
As the chart illustrates, total sales in the Bethany-Fenwick market are down 27% year-to-date while the median sales price is up 10%. Properties tend to sell in just under 2 weeks with 12 days being the median amount of time to go under contract.
On a personal note, September is a special month for me. This month marks 34 years since starting a career in real estate at the beach. I am extremely
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