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| AUGUST 2025 | |||
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| Units Sold 208 |
Active Inventory 1,342 |
Median Sale Price $804,500 |
Days On Market 92 |
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| Down -3% Vs. Year Ago |
Up 3% Vs. Year Ago |
Up 17% Vs. Year Ago |
Down -5% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in August, with 208 sold this month in Cape May County Real Estate versus 166 last month, an increase of 25%. This month's total units sold was lower than at this time last year, a decrease of 3% versus August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 45 units or 3%. The total number of active inventory this August was 1,342 compared to 1,297 in August 2024. This month's total of 1,342 is lower than the previous month's total supply of available inventory of 1,376, a decrease of 2%. |
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Median Sale Price
Last August, the median sale price for Cape May County Homes was $685,000. This August, the median sale price was $804,500, an increase of $119,500 compared to last year. The current median sold price is 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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| New Listings 326 |
Current Contracts 270 |
Sold Vs. List Price 96.8% |
Months of Supply 6.5 |
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| Down -13% Vs. Year Ago |
Up 20% Vs. Year Ago |
No Change Vs. Year Ago |
Up 7% Vs. Year Ago |
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Months of Supply
In August, there was 6.5 months of supply available in Cape May County, compared to 6.0 in August 2024. That is an increase of 7% 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 326 homes newly listed for sale in Cape May County compared to 376 in August 2024, a decrease of 13%. There were 270 current contracts pending sale this August compared to 225 a year ago. The number of current contracts is 20% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Cape May County was 96.8% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 92, lower than the average last year, which was 97, a decrease of 5%. | |||
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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/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 SJSMLS/CMCAOR or Long & Foster Real Estate, Inc. |
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