Atlantic County Housing Market Data

There was an increase in total units sold in August, with 389 sold this month in Atlantic County Real Estate versus 337 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 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 611 units or 14%. The total number of active inventory this August was 3,850 compared to 4,461 in August 2016. This month's total of 3,850 is lower than the previous month's total supply of available inventory of 3,921, a decrease of 2%.

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Last August, the median sale price for Atlantic County Homes was $155,000. This August, the median sale price was $180,694, an increase of 17% or $25,694 compared to last year. The current median sold price is 3% higher than in July.

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 August, there was 9.9 months of supply available in Atlantic County, compared to 11.8 in August 2016. That is a decrease of 16% 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 668 homes newly listed for sale in Atlantic County compared to 760 in August 2016, a decrease of 12%. There were 470 current contracts pending sale this August compared to 420 a year ago. The number of current contracts is 12% higher than last August.

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

In August, the average sale price in Atlantic County was 94.2% of the average list price, which is similar compared to a year ago.

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 90, lower than the average last year, which was 107, a decrease of 16%.

Click here to compare the days on market of this area against other locations.





Focus On: Atlantic County Housing Market			August 2017

Units Sold 389	Active Inventory 3,850	Median Sale Price $180,694	Days On Market 90

Up 3% Vs. Year Ago	Down -14% Vs. Year Ago	Up 17% Vs. Year Ago	Down -16% Vs. Year Ago


iCharts		Units Sold There was an increase in total units sold in August, with 389 sold this month in Atlantic County Real Estate versus 337 last month, an increase of 15%. This month's total units sold was higher than at this time last year, an increase of 3% versus August 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 611 units or 14%. The total number of active inventory this August was 3,850 compared to 4,461 in August 2016. This month's total of 3,850 is lower than the previous month's total supply of available inventory of 3,921, a decrease of 2%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last August, the median sale price for Atlantic County Homes was $155,000. This August, the median sale price was $180,694, an increase of 17% or $25,694 compared to last year. The current median sold price is 3% higher than in July. 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 668	Current Contracts 470	Sold Vs. List Price 94.2%	Months of Supply 9.9

Down -12% Vs. Year Ago	Up 12% Vs. Year Ago	No Change Vs. Year Ago	Down -16% Vs. Year Ago


iCharts		Months of Supply In August, there was 9.9 months of supply available in Atlantic County, compared to 11.8 in August 2016. That is a decrease of 16% 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 668 homes newly listed for sale in Atlantic County compared to 760 in August 2016, a decrease of 12%. There were 470 current contracts pending sale this August compared to 420 a year ago. The number of current contracts is 12% higher than last August. 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 August, the average sale price in Atlantic County was 94.2% of the average list price, which is similar compared to a year ago. 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 90, lower than the average last year, which was 107, a decrease of 16%. 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.