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FOCUS ON: AVALON AND STONE HARBOR HOUSING MARKET |
JULY 2025 |
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Zip Code(s): 08202 and 08247 |
Units Sold
15 |
Active Inventory
134 |
Median Sale Price
$3,050,000 |
Days On Market
106 |
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Up 7%
Vs. Year Ago |
Down -14%
Vs. Year Ago |
Up 13%
Vs. Year Ago |
Down -12%
Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in July, with 15 sold this month in Avalon and Stone Harbor Real Estate versus 22 last month, a decrease of 32%. This month's total units sold was higher than at this time last year, an increase of 7% versus July 2024.
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Active Inventory
Versus last year, the total number of homes available this month is lower by 21 units or 14%. The total number of active inventory this July was 134 compared to 155 in July 2024. This month's total of 134 is lower than the previous month's total supply of available inventory of 144, a decrease of 7%.
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Median Sale Price
Last July, the median sale price for Avalon and Stone Harbor Homes was $2,693,750. This July, the median sale price was $3,050,000, an increase of 13% or $356,250 compared to last year. The current median sold price is 22% lower than in June.
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
42 |
Current Contracts
36 |
Sold Vs. List Price
95.5% |
Months of Supply
8.9 |
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Up 17%
Vs. Year Ago |
Up 80%
Vs. Year Ago |
Down -1.5%
Vs. Year Ago |
Down -19%
Vs. Year Ago |
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Months of Supply
In July, there was 8.9 months of supply available in Avalon and Stone Harbor, compared to 11.1 in July 2024. That is a decrease of 19% 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 42 homes newly listed for sale in Avalon and Stone Harbor compared to 36 in July 2024, an increase of 17%. There were 36 current contracts pending sale this July compared to 20 a year ago. The number of current contracts is 80% higher than last July.
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Sale Price to List Price Ratio
In July, the average sale price in Avalon and Stone Harbor was 95.5% of the average list price, which is 1.4% lower than at this time last year.
Days on Market
This month, the average number of days on market was 106, lower than the average last year, which was 120, a decrease of 12%.
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Avalon and Stone Harbor are defined as properties listed in zip code/s 08202 and 08247. |
*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 CMCAOR 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 CMCAOR or Long & Foster Real Estate, Inc. |