Friday, January 20, 2023 / by Teresa DiPeso
There is a lot of noise out there about the real estate market. Naturally, any softening from the peak of the recent seller's market will feel like a dramatic shift, and headlines will make the most of it.
So let's see what the facts have to say with the latest sales data (January-November 2022) and compare it year-over-year with 2021.
While total sales saw a decrease of 23% in Cape May County for Jan-Nov 2022 vs Jan-Nov 2021, prices have still exceeded the national average!
Nationally, in this same comparison, home prices have increased 9%. As you can see in the table below, the Shore continues to be an OUTSTANDING return on your investment!
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