The Long & Foster Market Minute
Focus On: Avalon and Stone Harbor Housing Market April 2017
Zip Code(s): 08202 and 08247
Units Sold
42
Active Inventory
261
Median Sale Price
$1,020,000
Days On Market
202
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 31%
Vs. Year Ago
Down -19%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 2%
Vs. Year Ago
Units Sold
There was an increase in total units sold in April, with 42 sold this month in Avalon and Stone Harbor Real Estate versus 36 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 31% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 60 units or 19%. The total number of active inventory this April was 261 compared to 321 in April 2016. This month's supply remained stable as compared to last month.

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Median Sale Price
Last April, the median sale price for Avalon and Stone Harbor Homes was $1,125,000. This April, the median sale price was $1,020,000, a decrease of 9% or $105,000 compared to last year. The current median sold price is 9% lower 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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New Listings
51
Current Contracts
33
Sold Vs. List Price
94.6%
Months of Supply
6.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -14%
Vs. Year Ago
Down -20%
Vs. Year Ago
No Change
Vs. Year Ago
Down -38%
Vs. Year Ago
Months of Supply
In April, there was 6.2 months of supply available in Avalon and Stone Harbor, compared to 10.0 in April 2016. That is a decrease of 38% 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 51 homes newly listed for sale in Avalon and Stone Harbor compared to 59 in April 2016, a decrease of 14%. There were 33 current contracts pending sale this April compared to 41 a year ago. The number of current contracts is 20% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Avalon and Stone Harbor was 94.6% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 202, higher than the average last year, which was 198, an increase of 2%.

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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.
REALTOR, Equal Opportunity HousingInformation 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.