Ocean City NJ Market What No One Tells You About Current Inventory

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Ocean City NJ real estate feels contradictory right now — more inventory, yet prices aren't dropping. In this market update I walk through all the data through the end of May 2026 and explain what's actually happening.

What we cover:

Current inventory: 272 active listings at end of May — up 5% year over year but still well below pre-COVID norms
New listings: April 2026 was the best April since 2022, May came in at 92
Pending contracts are up 22% vs. May 2025 — more buyers are moving than you might think
Single family median sale price hit $2,000,000 with days on market up 27% year over year
Condo and townhouse median crossed $1,000,000 with 4.2 months of inventory still in seller's market territory
The absorption ratio explained — and what it tells us about where this market is really headed
Historical context: Ocean City single family prices rose 97% from 2019 to 2022 — here's what's happened since
What this market means specifically for buyers and for sellers right now

If you're thinking about buying or selling in Ocean City NJ, this is the data you need to make an informed decision.