There IS good news to report regarding Ocean City, NJ real estate ! According to the South Jersey Shore Regional Multiple Listing Service sales volume in Ocean City has improved over the past 12 months - with some obvious trends developing.

Although the average sales price dropped, and days on the market increased, for MOST properties the overall forecast seems MUCH better than it did just a year ago.

As you might expect, homes and condominiums priced in a more affordable price range ( $250,000 to $700,000) have been selling - while property priced at $700,000 and up are still experiencing the pains of higher supply and lower demand - meaning some price adjustments and property conditions are still necessary.

For Buyers this indicates that you shouldn't be too surprised if you find competition ( and  multiple bid situations ) on the BEST PRICED properties -

My Advice - If your'e looking to buy a shore property while rates are attractive get PreApproved and be prepared to move fast - If you're looking to sell, invest in a Home Inspection TODAY and take care of any concerns so your property will sell with confidence !