Sea Isle City Real Estate Market Update: Interest Rates Starting to Stabilize?

Posted on Monday, June 13th, 2022

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267 Sea Shore Area: The sudden surge in mortgage rates led to a sudden and significant cool down in the housing market in May. However, mortgage rates are now stabilizing and Sea Shore Properties remain in short supply, so while we do expect home price growth rates to decline, we don’t expect prices to fall. Sea Isle City April Market Report New  Listings Price Changes Recent Under Contracts Sold & Settled All Under Contracts All Active Listings Search All MLS View Other Shore Area New Listings Following three weeks of declines, mortgage rates reversed course and headed back up this week. However, the upcoming rate hike will likely have a smaller impact on mortgage rates this time. ?Take advantage of the lower mortgage rates while they still last! Current Interest Rates More About This Week’s Rates Looking to find the perfect Vacation Rental? Need help getting your house rented? Ask for Sandy, Ian or Kyle! 609 263-1431 View Available Rentals Rental Listing Agreement Sea Shore Team of Long and Foster RANKED #1 with OVER $95 MILLION in ?Settled Sales and Rental Volume for 2021! A Huge Thank You to Our Clients and Colleagues who helped us reach this Level Of Achievement! We Sincerely Appreciate your Business and Partnership! The SeaShore Team of Long and Foster Real Estate, Inc of Sea Isle City - continues to be Sea Isle City’s Highest Producing Real Estate Team. The Sea Shore Team’s success of Selling and Renting over $95 Million a Year is a result of the Service and Commitment to their Clients. The members of this team are experts in the community, offering valuable insight and understanding to the Buying, Selling and Renting Experience often connecting with their clients beyond the sale who highly recommend them. ? Contact us today and let us put our Knowledge and Expertise to Work for You! Learn About Our Team View Our Team Sale Record Testimonials  ? ? ? Seashore Team of Long & Foster Real Estate 4914 Landis Avenue, Sea Isle City, NJ 08243 | 609.263.1431 | 609.263.2267 | SeaShoreTeam.com If your property is currently listed with another broker, please consider this informational and not a solicitation.