From The Sea Shore Team and Long and Foster Real Estate
“We are Incredibly Thankful
to all the people who are working tirelessly to help keep our Communities Safe and make our days more livable during these unpredictable times.”
Sea Isle City Real Estate Market Update:
We’ve received many questions recently about the market and how it’s doing, so we wanted to share a quick update.
Supply and demand drive the real estate market, and we’re seeing more balance to these factors. Some consumers have paused, but people who are serious about buying or selling today are doing so (and leveraging low interest rates at the same time).
Across the Southern New Jersey Coastal Communities, we had seen homes selling quickly, with higher prices compared to a year ago. While new listings and showings are down, there’s an improvement from past weeks—showing more stabilization of the market. Pending transactions have dropped, too, but they are leveling out as well, as people become more comfortable with doing business in this environment.
Throughout it all, the Sea Shore Team at Long & Foster has been helping our clients buy and sell homes, from the safety and comfort of their own homes.
It’s truly credit to the confidence that clients like YOU have placed in us, as well as the tremendous support we receive from our partners in mortgage, settlement and insurance.
As always, The Sea Shore Team is here to assist with any of your Real Estate questions, and most importantly,
Stay Healthy and Safe!
The Sea Shore Team of Long and Foster
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