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What's Going On With Home Prices At The Shore?

Friday, January 20, 2023   /   by Teresa Dipeso

What's Going On With Home Prices At The Shore?

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!


Contact me today to buy or sell at the Shore!   Search All Shore Homes Here


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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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