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| Focus On: Atlantic County Housing Market | March 2021 | ||
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| Units Sold 411 |
Active Inventory 1,702 |
Median Sale Price $265,000 |
Days On Market 58 |
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| Up 17% Vs. Year Ago |
Down -38% Vs. Year Ago |
Up 24% Vs. Year Ago |
Down -22% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 411 sold this month in Atlantic County Real Estate versus 343 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 17% versus March 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 1,025 units or 38%. The total number of active inventory this March was 1,702 compared to 2,727 in March 2020. This month's total of 1,702 is lower than the previous month's total supply of available inventory of 1,827, a decrease of 7%. |
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Median Sale Price
Last March, the median sale price for Atlantic County Homes was $213,000. This March, the median sale price was $265,000, an increase of 24% or $52,000 compared to last year. The current median sold price is 11% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 582 |
Current Contracts 550 |
Sold Vs. List Price 97.7% |
Months of Supply 4.1 |
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| Down -3% Vs. Year Ago |
Up 83% Vs. Year Ago |
Up 2.1% Vs. Year Ago |
Down -47% Vs. Year Ago |
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Months of Supply
In March, there was 4.1 months of supply available in Atlantic County, compared to 7.8 in March 2020. That is a decrease of 47% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 582 homes newly listed for sale in Atlantic County compared to 601 in March 2020, a decrease of 3%. There were 550 current contracts pending sale this March compared to 301 a year ago. The number of current contracts is 83% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Atlantic County was 97.7% of the average list price, which is 2.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 58, lower than the average last year, which was 74, a decrease of 22%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by SJSMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of SJSMLS or Long & Foster Real Estate, Inc. |
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