The Long & Foster Market Minute
Focus On: Sea Isle City Housing Market April 2017
Zip Code(s): 08243
Units Sold
28
Active Inventory
133
Median Sale Price
$660,000
Days On Market
140
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -13%
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 28 sold this month in Sea Isle City Real Estate versus 32 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 13% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 8 units or 6%. The total number of active inventory this April was 133 compared to 141 in April 2016. This month's total of 133 is lower than the previous month's total supply of available inventory of 140, a decrease of 5%.

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Median Sale Price
Last April, the median sale price for Sea Isle City Homes was $656,750. This April, the median sale price was $660,000, which is similar compared to a year ago. The current median sold price is 5% higher 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
21
Current Contracts
19
Sold Vs. List Price
95.4%
Months of Supply
4.8
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -32%
Vs. Year Ago
Down -21%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
Up 8%
Vs. Year Ago
Months of Supply
In April, there was 4.8 months of supply available in Sea Isle City, compared to 4.4 in April 2016. That is an increase of 8% 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 21 homes newly listed for sale in Sea Isle City compared to 31 in April 2016, a decrease of 32%. There were 19 current contracts pending sale this April compared to 24 a year ago. The number of current contracts is 21% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Sea Isle City was 95.4% of the average list price, which is 0.7% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 140, lower than the average last year, which was 158, a decrease of 11%.

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Sea Isle City are defined as properties listed in zip code/s 08243.
*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.