Multiple Listing Service statistics through July 31, 2012, for different markets in the region:

AREA          UNITS SOLD           AVERAGE PRICE

Ocean City:      

2010                  370                         $568K

2011                  449                         $565K

2012                  524 (up 17%)           $548K

Upper Township:

2010                  64                            $304K

2011                  59                            $260K

2012                  67 (up 14%)             $254K

Absecon/Galloway/EHT/Somers Point:

2010                  602                            $211K

2011                  494                            $195K

2012                  560 (up 13%)             $188K

AC/Margate/Ventnor/Longport:

2010                   386                           $395K

2011                   399                           $389K

2012                   468 (up 17%)             $468K

Overall, we are seeing some great increases throughout the area. Sales volume goes up first, and the prices will eventually follow! Call me with any questions.

(Caroline Watts, Prudential Fox & Roach Realtors, 200 34th Street Ocean City, cell:609-254-4756, Caroline@prufoxroach.com, search properties at www.OCNJMLS.com)