The Long & Foster Market Minute

Focus On: Wildwood Housing Market October 2018

Zip Code(s): 08260
Units Sold
77
Active Inventory
594
Median Sale Price
$330,000
Days On Market
164
Up 4%
Vs. Year Ago
Down -5%
Vs. Year Ago
Up 15%
Vs. Year Ago
Up 8%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 77 sold this month in Wildwood Real Estate versus 62 last month, an increase of 24%. This month's total units sold was higher than at this time last year, an increase of 4% versus October 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 31 units or 5%. The total number of active inventory this October was 594 compared to 625 in October 2017. This month's total of 594 is higher than the previous month's total supply of available inventory of 572, an increase of 4%.

Median Sale Price
Last October, the median sale price for Wildwood Homes was $287,500. This October, the median sale price was $330,000, an increase of 15% or $42,500 compared to last year. The current median sold price is 17% 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
138
Current Contracts
73
Sold Vs. List Price
95.5%
Months of Supply
7.7
Up 5%
Vs. Year Ago
Down -16%
Vs. Year Ago
No Change
Vs. Year Ago
Down -9%
Vs. Year Ago

Months of Supply
In October, there was 7.7 months of supply available in Wildwood, compared to 8.4 in October 2017. That is a decrease of 9% 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 138 homes newly listed for sale in Wildwood compared to 132 in October 2017, an increase of 5%. There were 73 current contracts pending sale this October compared to 87 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 Wildwood was 95.5% 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 164, higher than the average last year, which was 152, an increase of 8%.

The Long & Foster Market Minute Wildwood are defined as properties listed in zip code/s 08260.
*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.