The Long & Foster Market Minute

Focus On: Wildwood Housing Market April 2018

Zip Code(s): 08260
Units Sold
64
Active Inventory
591
Median Sale Price
$258,050
Days On Market
154
Down -34%
Vs. Year Ago
Down -18%
Vs. Year Ago
Down -11%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in April, with 64 sold this month in Wildwood Real Estate versus 81 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 34% versus April 2017.

Active Inventory
Versus last year, the total number of homes available this month is lower by 132 units or 18%. The total number of active inventory this April was 591 compared to 723 in April 2017. This month's total of 591 is higher than the previous month's total supply of available inventory of 579, an increase of 2%.

Median Sale Price
Last April, the median sale price for Wildwood Homes was $290,000. This April, the median sale price was $258,050, a decrease of 11% or $31,950 compared to last year. The current median sold price is 2% lower 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.


New Listings
133
Current Contracts
77
Sold Vs. List Price
95.8%
Months of Supply
9.2
Down -10%
Vs. Year Ago
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Up 24%
Vs. Year Ago

Months of Supply
In April, there was 9.2 months of supply available in Wildwood, compared to 7.5 in April 2017. That is an increase of 24% 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 133 homes newly listed for sale in Wildwood compared to 148 in April 2017, a decrease of 10%. There were 77 current contracts pending sale this April compared to 86 a year ago. The number of current contracts is 10% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Wildwood was 95.8% 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 154, lower than the average last year, which was 179, a decrease of 14%.

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.