Shore vacancies in Ocean City, high rental prices to blame

Summer 2024: Shore Vacancies In Ocean City News

Shore vacancies in Ocean City, high rental prices to blame
New JerseyHigh Rental Prices To Blame15054739
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Action News spoke with a local realtor who said the week of July 6 used to always sell out, but he has 260 places open this week.

Shore vacancies in Ocean City, high rental prices to blame If you're among those still longing to secure some time at the beach, there's good news.

"People are going other places. It's a great time to fly. A lot of people are going abroad and going other places other than Ocean City. We do mostly one-week rentals. People do one week here and then go other places. Where we used to do two weeks or a month, now it's down to one," said John Greiner, a salesman with Berger Realty."We kind of gulp and write the check," said Sandy Selby, from Akron, Ohio."This is $20,000 a week.

Now, he said the consumer knows what they're looking for. If you're overpriced, you are not going to get renters.

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