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2012 Ocean City, NJ Market Review

Welcome to our 2012 Year End Review

Total Residential Sales in Ocean City, NJ increased by 18% year over year.

Total Residential Listings Taken in 2012: 1502 (vs. 1523 in 2011)
Total Residential Closed Sales in 2012: 811 (+18% vs. 686 in 2011)

Total Single Family Listings Taken in 2012: 341 (-5% vs. 360 in 2011)
Total Single Family Closed Sales in 2012: 183 (-6% vs. 194 in 2011)
Median Sales Price for Single Family Segment in 2012: $660,000 (+11% vs. $585,000 in 2011)

Total Condominium Listings Taken in 2012: 1161 (vs. 1163 in 2011)
Total Condominium Closed Sales in 2012: 628 (+28% vs. 492 in 2011)
Median Sales Price for Condominium Segment in 2012: $450,000 (vs. 459,900 in 2011)

 

Total Sales of Residential Properties $1 Million & up (Luxury Segment) in 2012: 64
(+19% vs. 54 in 2011)

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