VILLAS, CAPE MAY COURT HOUSE, AND RIO GRANDE HOUSING MARKET DATA

There was a decrease in total units sold in May, with 34 sold this month in Villas, Cape May Court House, and Rio Grande Real Estate, a decrease of 21%. This month's total units sold is similar compared to a year ago.

Versus last year, the total number of homes available this month is higher by 22 units or 15%. The total number of active inventory this May was 169 compared to 147 in May 2024. This month's total of 169 is higher than the previous month's total supply of available inventory of 160, an increase of 6%.

Last May, the median sale price for Villas, Cape May Court House, and Rio Grande Homes was $417,000. This May, the median sale price was $446,250, an increase of 7% or $29,250 compared to last year. The current median sold price is 8% higher than in April.

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

In May, there was 5.0 months of supply available in Villas, Cape May Court House, and Rio Grande, compared to 4.3 in May 2024. That is an increase of 15% 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.

This month there were 57 homes newly listed for sale in Villas, Cape May Court House, and Rio Grande compared to 68 in May 2024, a decrease of 16%. There were 35 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 9% higher than last month.

In May, the average sale price in Villas, Cape May Court House, and Rio Grande was 98.0% of the average list price, which is 1.3% higher than at this time last year.

This month, the average number of days on market was 81, higher than the average last year, which was 77, an increase of 5%.





FOCUS ON: VILLAS, CAPE MAY COURT HOUSE, AND RIO GRANDE HOUSING MARKET			MAY 2025

Zip Code(s): 08251, 08210, 08242, 08245, 08219 and 08252
Units Sold 34	Active Inventory 169	Median Sale Price $446,250	Days On Market 81

No Change Vs. Year Ago	Up 15% Vs. Year Ago	Up 7% Vs. Year Ago	Up 5% Vs. Year Ago


		Units Sold There was a decrease in total units sold in May, with 34 sold this month in Villas, Cape May Court House, and Rio Grande Real Estate, a decrease of 21%. This month's total units sold is similar compared to a year ago.
Active Inventory Versus last year, the total number of homes available this month is higher by 22 units or 15%. The total number of active inventory this May was 169 compared to 147 in May 2024. This month's total of 169 is higher than the previous month's total supply of available inventory of 160, an increase of 6%.
		Median Sale Price Last May, the median sale price for Villas, Cape May Court House, and Rio Grande Homes was $417,000. This May, the median sale price was $446,250, an increase of 7% or $29,250 compared to last year. The current median sold price is 8% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 57	Current Contracts 35	Sold Vs. List Price 98.0%	Months of Supply 5.0

Down -16% Vs. Year Ago	No Change Vs. Year Ago	Up 1.3% Vs. Year Ago	Up 15% Vs. Year Ago


		Months of Supply In May, there was 5.0 months of supply available in Villas, Cape May Court House, and Rio Grande, compared to 4.3 in May 2024. That is an increase of 15% 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 57 homes newly listed for sale in Villas, Cape May Court House, and Rio Grande compared to 68 in May 2024, a decrease of 16%. There were 35 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 9% higher than last month.
		Sale Price to List Price Ratio In May, the average sale price in Villas, Cape May Court House, and Rio Grande was 98.0% of the average list price, which is 1.3% higher than at this time last year. Days on Market This month, the average number of days on market was 81, higher than the average last year, which was 77, an increase of 5%.


	Villas, Cape May Court House, and Rio Grande are defined as properties listed in zip code/s 08251, 08210, 08242, 08245, 08219 and 08252.
	*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 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.