The Long & Foster Market Minute

Focus On: Egg Harbor Township Housing Market October 2018

Zip Code(s): 08234
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 3%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -3%
Vs. Year Ago
Up 41%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 72 sold this month in Egg Harbor Township Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is higher by 31 units or 10%. The total number of active inventory this October was 332 compared to 301 in October 2017. This month's total of 332 is higher than the previous month's total supply of available inventory of 325, an increase of 2%.

Median Sale Price
Last October, the median sale price for Egg Harbor Township Homes was $195,000. This October, the median sale price was $190,000, a decrease of 3% or $5,000 compared to last year. The current median sold price is 12% higher than in September.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

New Listings
Current Contracts
Sold Vs. List Price
Months of Supply
Down -2%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -2.1%
Vs. Year Ago
Up 7%
Vs. Year Ago

Months of Supply
In October, there was 4.6 months of supply available in Egg Harbor Township, compared to 4.3 in October 2017. 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.

New Listings & Current Contracts
This month there were 93 homes newly listed for sale in Egg Harbor Township compared to 95 in October 2017, a decrease of 2%. There were 54 current contracts pending sale this October compared to 64 a year ago. The number of current contracts is 16% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Egg Harbor Township was 96.5% of the average list price, which is 2.1% lower than at this time last year.

Days on Market
This month, the average number of days on market was 83, higher than the average last year, which was 59, an increase of 41%.

The Long & Foster Market Minute Egg Harbor Township are defined as properties listed in zip code/s 08234.
*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 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.