Atlantic County Housing Market Data

There was a decrease in total units sold in April, with 301 sold this month in Atlantic County Real Estate versus 386 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2016.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 575 units or 13%. The total number of active inventory this April was 3964 compared to 4,539 in April 2016. This month's supply remained stable as compared to last month.

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Last April, the median sale price for Atlantic County Homes was $150,500. This April, the median sale price was $159,501, an increase of 6% or $9,001 compared to last year. The current median sold price is 5% higher than in March.

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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In April, there was 13.2 months of supply available in Atlantic County, compared to 14.0 in April 2016. That is a decrease of 6% 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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This month there were 678 homes newly listed for sale in Atlantic County compared to 830 in April 2016, a decrease of 18%. There were 441 current contracts pending sale this April compared to 393 a year ago. The number of current contracts is 12% higher than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Atlantic County was 94.7% of the average list price, which is 0.6% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 111, higher than the average last year, which was 103, an increase of 8%.

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Focus On: Atlantic County Housing Market			April 2017
Units Sold 301	Active Inventory 3,964	Median Sale Price $159,501	Days On Market 111

Down -7% Vs. Year Ago	Down -13% Vs. Year Ago	Up 6% Vs. Year Ago	Up 8% Vs. Year Ago

iCharts		Units Sold There was a decrease in total units sold in April, with 301 sold this month in Atlantic County Real Estate versus 386 last month, a decrease of 22%. This month's total units sold was lower than at this time last year, a decrease of 7% versus April 2016. Click here to compare the units sold of this area against other locations.
Active Inventory Versus last year, the total number of homes available this month is lower by 575 units or 13%. The total number of active inventory this April was 3964 compared to 4,539 in April 2016. This month's supply remained stable as compared to last month. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Atlantic County Homes was $150,500. This April, the median sale price was $159,501, an increase of 6% or $9,001 compared to last year. The current median sold price is 5% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. Click here to compare the median sale price of this area against other locations.



New Listings 678	Current Contracts 441	Sold Vs. List Price 94.7%	Months of Supply 13.2

Down -18% Vs. Year Ago	Up 12% Vs. Year Ago	Up 0.6% Vs. Year Ago	Down -6% Vs. Year Ago

iCharts		Months of Supply In April, there was 13.2 months of supply available in Atlantic County, compared to 14.0 in April 2016. That is a decrease of 6% 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. Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts This month there were 678 homes newly listed for sale in Atlantic County compared to 830 in April 2016, a decrease of 18%. There were 441 current contracts pending sale this April compared to 393 a year ago. The number of current contracts is 12% higher than last April. Click here to compare the new listings of this area against other locations. Click here to compare the current contracts of this area against other locations.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Atlantic County was 94.7% of the average list price, which is 0.6% higher than at this time last year. Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market This month, the average number of days on market was 111, higher than the average last year, which was 103, an increase of 8%. Click here to compare the days on market of this area against other locations.		iCharts



*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.