March has arrived and we are looking forward to longer light filled days ahead! The Ocean View area had a firm start to the year for real estate activity. While it is not the frenzy that we experienced in 2021 and 2022, to-date, sales are keeping pace with last year.
As the chart illustrates, through the first two months, 50 properties went under contract in Ocean View compared to 53 during the same time last year. Inventory remains at historical lows and
properties that are priced appropriately continue to sell quickly although the average days to contract is rising. The median sale price of properties settled in January and February was up 7% when
compared to the same months in 2023!