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Shore Sellers Are Still Enjoying Huge Demand, Fast Sales

Tuesday, February 15, 2022   /   by Teresa Dipeso

Shore Sellers Are Still Enjoying Huge Demand, Fast Sales

When you sell your Shore home, you want to sell it for as much money as possible—potentially for even more than you’re asking for it.

And in today’s market, that’s the reality for nearly half of sellers.

According to the most recent REALTORS® Confidence Survey from the National Association of REALTORS®, in December 2021, when a home sold there were, on average, nearly 4 offers (3.8)—and 44 percent of those bid offers were above list price.

Homes also flew off the market; on average, in December, homes in our area at the shore were on the market just 43 days before selling—down from 19 percent the previous year.  Homes at the Shore in 2021 received 99% of listing price!

Many buyers were also willing to waive contingencies to make their offers more competitive. According to the report, 21 percent of buyers waived the appraisal contingency, while 19 percent waived the inspection contingency.

The Takeaway:

In today’s marketing, homes are selling quickly and profitable—so if you’ve been thinking about selling your home, now is a great time to make a move.
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Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
5901 New Jersey Ave
Wildwood Crest, NJ 08260
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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