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Did Shore house owners push their luck with high rents? Prices are dropping and weeks are open.

Vacant weeks are causing some Shore owners to offer deals and drop prices. It’s a “return to normal,” after three summers of pandemic-bloated demand. Did Shore owners finally push their luck?

A realty company sign in Ocean City Tuesday, Aug. 8, 2023. During the last three summers Shore home owners were able to raise rents due to the increased demand as everyone went to the Shore. This summer, though, weeks are open and prices are dropping.
A realty company sign in Ocean City Tuesday, Aug. 8, 2023. During the last three summers Shore home owners were able to raise rents due to the increased demand as everyone went to the Shore. This summer, though, weeks are open and prices are dropping.Read moreTom Gralish / Staff Photographer / Tom Gralish / Staff Photographer