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3 Reasons Why Ocean City NJ’s Hot Real Estate Market Wasn’t Cooled by COVID-19

Take Ocean City’s booming real estate market, toss in a global pandemic, state-recommended stay-at-home orders, and an economic shockwave, and what do you get?

Surprisingly, a housing market that’s still better than ever.

Riding the coattails of one of the worst financial quarters in modern history, coupled with COVID-19-related uncertainty, you may assume that realtors are left panicking. Turns out, just like the New Jersey summer temperatures are heating up, so is Ocean City’s housing market.

Here are three reasons why Ocean City’s real estate market hasn’t cooled off in the midst of a pandemic.

1. A Haven Away from Home

With offices across the Tri-State area closed, many folks are finding themselves working remotely from home. After months of being cooped up inside their city townhouses, some urban dwellers are downright tired of staring at the same old bleak scenery and could use a break.

Thankfully, breathtaking beaches are only mere hours away! Numerous families are deciding to take the plunge and buy a beautiful beach house to have their own haven away from home.

Purchasing a home in Ocean City enables you to escape the hustle and bustle of the city and relax and unwind in your own private oasis. Moreover, it’s a safe place for you and your family to enjoy some outdoor time together.

2. Home Offices and Schools Are Becoming the New Norm

With vast uncertainty about the future of schools and businesses reopening, families are realizing that utilizing their house as a school and office may become the new norm.

Many people who have kids or who are working from home may be re-evaluating how they ‘live’ in their home and may be re-considering their needs and wants. From looking for a dedicated home workspace to seeking out houses with plenty of outdoor living space, families want a property that they can truly transform into their own.

There are plenty of Ocean City homes for sale that can accommodate your exact wants. From houses with plenty of rooms to transform into a home office or classroom, to new construction that you can uniquely customize, you are sure to find a house that caters to your needs.

3. All-Time Low Mortgage Rates

Due to the coronavirus pandemic, mortgage rates are at a record low, sitting just above three percent. Buying a home now will save you thousands of dollars in the long run, making today the perfect time to buy.

Thinking About Buying During the Pandemic?

If you’re considering purchasing an Ocean City home during the pandemic, let The Murray Team help you find your dream house! Proudly serving Ocean City, NJ and the surrounding areas, we are dedicated to helping you find your sanctuary at the shore. 

With us, everything is personal. Whether you’re buying or selling, we take a holistic approach that enables us to provide you with quality customer service and support every step of the way.

Get in touch with our team leader, Jim Murray, today and find out what your home may be worth!

Written by Murray Marketing Team on . Posted in Blog

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