Vacancies Jump, Occupancy Dips, Rental Rates Tumble

 

This trend might not get the attention that interest rate movement, home sale prices, or time on market for listed homes does, but it’s very real and very important to the markets here at the shore. Rentals are significantly down in 2024 compared to previous years. And rental rates have been dropping because of it.

And as always, find links below for everything listed, put under contract, or sold in Sea Isle, Avalon & Stone Harbor, The Wildwoods, Ocean City, and Upper Township (includes Strathmere) below. To discuss anything real estate related or your plans to buy, sell, or rent, call us at 609-478-0333 or email [email protected].

New Listings, Sold Listings, and Pending Sales for Week Ending May the 4th (be with you)

Sea Isle- New Listings and Price Changes (5), Sold (5), New Pending (2)

Stone Harbor and Avalon- New Listings and Price Changes (10), Sold (3), New Pending (2)

The Wildwoods- New Listings and Price Changes (16), Sold (12), New Pending (13)

Ocean City- New Listings and Price Changes (17), Sold (13), New Pending (16)

Upper Twp (Includes Strathmere)- New Listings and Price Changes (2), Sold (2), New Pending (5)

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