Margate housing inventory is tight. Just 59 single family homes for sale. 13 had price reductions. That’s 22% of inventory.
That’s according to Sherri Lilienfeld of Apex Prime Realty.
Margate Median Single-Family Home Price = $1.8 mil
Some sellers are indifferent. If they can’t get their price, they won’t sell.
No seller motivation? Maybe. Unless there is a ‘life changing’ event like job loss, family issues. etc.
Some sellers getting impatient.
Ventnor Home Inventory Trends Down.
At end of Aug 2022, there were 66 Ventnor single family homes available. By end of Sept 2022, only 54 Ventnor homes were on the market. That’s an 18% drop in Ventnor housing inventory.
Ventnor median home price was $837,500. Now it’s $980,000.
2nd home & vacation markets less affected by chaotic, national Real Estate marketSherri Lilienfeld, ApexPrime.com
Longport Real Estate
Only 7 for sale, 3 of which had price reductions
- Longport lowest list price: $1.8mil
- Longport highest list price: $8.5mil
- Longport median price: $3.6mil