CMCo Clerk Shares Real Estate Market Insights with Chamber | News
SWAINTON – “In six months so far this year, we have seen the transaction totals that would equal a year’s normal results,” County Clerk Rita Rothberg told Cape May County Chamber of Commerce members, at a July 15 meeting, at the Avalon Links Restaurant.
Rothberg noted that the last year and a half have been unlike anything the county has experienced since before the real estate bubble that ushered in the 2008 recession.
“I see the trends, but I cannot explain them,” Rothberg added.
She said that the frenzied activity is continuing, even with inventories of available properties at near-record lows.
“When a property comes on the market, it causes a shark swarm,” Rothberg said.
She confirmed her comments with statistics on…