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Sea Isle City Real Estate Market Report: Week in Review!

Posted on Monday, October 30th, 2023

4914 Landis Ave Sea Isle City, NJ 08243 Direct: 609 263 1431 Office: 609 263 2267

SEA ISLE CITY SALE MARKET UPDATE:

Units Sold

With relatively few transactions, there was an increase in total units sold in September 2023, with 15 sold this month in Sea Isle City Real Estate. September 2023 total units sold was higher than at this time last year, an increase from September 2022.

Months of Supply

In September, there was 4.2 months of supply available in Sea Isle City, compared to 5.0 in September 2022. That is a decrease of 16% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

Days on Market

In September 2023, the average number of days on market was 134, which is similar compared to a year ago.

Sea Isle City September Market Report
New Sale Listings
Price Changes
Under Contracts
Sold & Settled
All Pending Properties
All Active Sale Listings
Thinking of Selling? Find out your homes value in today’s Market
NEW LISTINGS-SHORE POINTS

WE DID IT AGAIN!

Sea Shore Team of Long and Foster RANKED Top 2 in

?Settled Sales Volume for THIRD Quarter 2023!

A Huge Thank You to Our Clients and Colleagues

who helped us reach this Level of Achievement!

We Sincerely Appreciate your Business and Partnership!

Positive expectations are ahead. Based on NAR Research’s forecast released today, the 30-year fixed rate is expected to peak in Q4 2023 and then decline.

Mortgage Rates range from 6.00% to 7.625% depending on terms.

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Current Interest Rates
More About This Week’s Rates
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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 $85 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.
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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.