Inventory in Ocean Acres has opened up somewhat in this rolling three-month view, with active listings up compared with early spring but still down about 17% from a year ago. New listings have eased year over year as well, falling roughly 14%, which helps keep supply from ballooning despite slower sales. Even with those shifts, months of supply has climbed to 2.8, up about 79% from last year, signaling a bit more breathing room for shoppers.
Contract activity looks softer than last year, with homes sold down nearly 37% and pending sales lower by about 15% on a year-over-year basis. Buyers are taking advantage of the additional options, yet the pace is still quick, with the median home taking just 21 days to go under contract in this latest period.
Prices, however, are moving firmly upward in response to ongoing demand. The typical home value over the last three months is up about 22% from a year ago, and the share of properties selling above list has risen to nearly 47%, a modest gain from last year. Sellers are still achieving very strong results, with the average sale-to-list ratio just over 100%. With Ocean Acres sitting in a clear seller’s market but with more inventory than a year ago, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who knows how to navigate these conditions.
