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| MAY 2025 | |||
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| Units Sold 262 |
Active Inventory 2,461 |
Median Sale Price $387,750 |
Days On Market 51 |
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| Down -9% Vs. Year Ago |
Up 18% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 262 sold this month in Atlantic County Real Estate versus 246 last month, an increase of 7%. This month's total units sold was lower than at this time last year, a decrease of 9% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 370 units or 18%. The total number of active inventory this May was 2,461 compared to 2,091 in May 2024. This month's total of 2,461 is higher than the previous month's total supply of available inventory of 2,391, an increase of 3%. |
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Median Sale Price
Last May, the median sale price for Atlantic County Homes was $363,750. This May, the median sale price was $387,750, an increase of 7% or $24,000 compared to last year. The current median sold price is 14% higher than in April. 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 476 |
Current Contracts 271 |
Sold Vs. List Price 96.5% |
Months of Supply 9.4 |
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| Up 17% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -1.1% Vs. Year Ago |
Up 30% Vs. Year Ago |
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Months of Supply
In May, there was 9.4 months of supply available in Atlantic County, compared to 7.2 in May 2024. That is an increase of 30% 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 476 homes newly listed for sale in Atlantic County compared to 408 in May 2024, an increase of 17%. There were 271 current contracts pending sale this May compared to 273 a year ago. The number of current contracts is 1% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Atlantic County was 96.5% of the average list price, which is 1.0% lower than at this time last year. Days on Market
This month, the average number of days on market was 51, higher than the average last year, which was 44, an increase of 16%. | |||
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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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