Adam D'Annunzio

Ocean City, NJ

Condos/Townhomes

Keller Williams Realty Jersey Shore



Ocean City, NJ

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Ocean City, NJ

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Ocean City market.
Median List Price $579,900
Per Square Foot $462
Days on Market 92
Price Decreased 25%
Price Increased 2%
Relisted 7%
Inventory 372
Median Apartment Rent $1,550
Most Expensive $3,395,000
Least Expensive $48,900
Market Action Index
Slight Buyer's Advantage
28

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$949,900 1,836 0 - 4,500 sqft 4 3 13 3 1 90
$679,000 1,475 - 3 2 13 10 5 73
$499,000 1,190 4,500 - 6,500 sqft 3 2 30 7 15 72
$249,900 715 2.5 - 5 acres 2 1 42 3 5 131