Homes for Sale Ocean City NJ Market Trends October 2017
By Bill and MaryAnn Wagner, Jersey Shore and South Jersey Real Estate
(Wagner Real Estate Group)
Homes for Sale Ocean City NJ Market Trends October 2017Single FamilyHomes for Sale in the Ocean City Real Estate Market showed mixed results for October. October saw a 5% decrease in new listings coming on the market over October 2016. 38 newly listed single family homes where introduced to the market.Sold properties in October where down 36.4% with 14 sold single family properties. Combined, the total number of new listings of Ocean City NJ Homes for Sale and total inventory, versus the number of properties being sold, has allowed the months supply of inventory to decrease to 10.2 months. This still denotes a strong Buyers Market but is a 16.4% reduction from 12.2 months last October. Average Days on Market is 38.2% to 76 days. Days on Market only reflects the properties that have sold...
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