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Sea Isle City Real Estate Market Update: Week in Review

Posted on Monday, July 18th, 2022

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267
The total number of Sea Isle City active inventory this June was 53 compared to
45 in 2021. Also, the total June inventory was higher than the previous month’s active inventory supply of 47, an increase of 13%.
June’s total units sold was lower than at this time last year, a decrease of 29% versus June 2021.
Last June, the median sale price for Sea Isle City Homes was $1,274,950. This June, the median sale price was $1,285,000, an increase of 1% or $10,050 compared to last year. The current median sold price is 23% lower than in May.
With the potential of a more aggressive rate hike from the Federal Reserve at the end of the month, mortgage rates will likely rise even further,” says Nadia Evangelou, NAR’s senior economist and director of forecasting. “However, even with this increase, mortgage rates will continue to be historically low—below 8%—in 2022.
?Take advantage of the lower mortgage rates while they still last!
Looking to find the perfect Vacation Rental? Need help getting your house rented?
Ask for Sandy, Ian or Kyle! 609 263-1431
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!
Seashore Team of Long & Foster Real Estate
4914 Landis Avenue, Sea Isle City, NJ 08243 | 609.263.1431 | 609.263.2267 |
If your property is currently listed with another broker, please consider this informational and not a solicitation.