The Burke & Co. Weekly Market Report for Avalon, Sea Isle, and Stone Harbor– Week Ending July 31, 2021
Inventory is back, baby!!!
It’s been a long time suspicion that the fall would see a lot of more homes on the market than we’ve seen in a while. Mid-summer indications point in the direction of that suspicion. Homes listed led homes put under contract across Sea Isle, Avalon, and Stone Harbor by 2:1 last week.
Sea Isle– which had sunk to less than 20 active listings briefly a few weeks back– has seen its offerings swell to almost 50. It’s still a long stretch to the 100+ that usually indicates a balanced market, but a very real trend is emerging.
So the calculations for decisions should be shifting. Should buyers jump now since waiting has been punished for years or should they wait just a little to see if even more options appear? And should sellers try to beat the fall rush?
If you are ready to start your plans to buy or sell, call us at our team line at 609-478-0333 or email [email protected]
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