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| JUNE 2025 | |||
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| Units Sold 225 |
Active Inventory 1,396 |
Median Sale Price $669,000 |
Days On Market 83 |
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| Up 30% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 6% Vs. Year Ago |
Down -9% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 225 sold this month in Cape May County Real Estate versus 245 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 30% versus June 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 95 units or 7%. The total number of active inventory this June was 1,396 compared to 1,301 in June 2024. This month's total of 1,396 is higher than the previous month's total supply of available inventory of 1,389, an increase of 1%. |
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Median Sale Price
Last June, the median sale price for Cape May County Homes was $630,000. This June, the median sale price was $669,000, an increase of 6% or $39,000 compared to last year. The current median sold price is 8% lower than in May. 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 322 |
Current Contracts 210 |
Sold Vs. List Price 96.4% |
Months of Supply 6.2 |
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| Down -4% Vs. Year Ago |
Up 3% Vs. Year Ago |
Down -1.4% Vs. Year Ago |
Down -18% Vs. Year Ago |
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Months of Supply
In June, there was 6.2 months of supply available in Cape May County, compared to 7.5 in June 2024. That is a decrease of 17% 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 322 homes newly listed for sale in Cape May County compared to 336 in June 2024, a decrease of 4%. There were 210 current contracts pending sale this June compared to 203 a year ago. The number of current contracts is 3% higher than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Cape May County was 96.4% 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 83, lower than the average last year, which was 91, a decrease of 9%. | |||
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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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