The Long & Foster Market Minute

Focus On: Wildwood Housing Market February 2019

Zip Code(s): 08260
Units Sold
66
Active Inventory
585
Median Sale Price
$283,750
Days On Market
149
Down -4%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -28%
Vs. Year Ago

Units Sold
There was an increase in total units sold in February, with 66 sold this month in Wildwood Real Estate. This month's total units sold was lower than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 2%. The total number of active inventory this February was 585 compared to 596 in February 2018. This month's total of 585 is higher than the previous month's total supply of available inventory of 568, an increase of 3%.

Median Sale Price
Last February, the median sale price for Wildwood Homes was $271,000. This February, the median sale price was $283,750, an increase of 5% or $12,750 compared to last year. The current median sold price is 17% higher than in January.

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


New Listings
130
Current Contracts
87
Sold Vs. List Price
96.0%
Months of Supply
8.9
Down -2%
Vs. Year Ago
Up 14%
Vs. Year Ago
No Change
Vs. Year Ago
Up 3%
Vs. Year Ago

Months of Supply
In February, there was 8.9 months of supply available in Wildwood, compared to 8.6 in February 2018. That is an increase of 3% 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 130 homes newly listed for sale in Wildwood compared to 133 in February 2018, a decrease of 2%. There were 87 current contracts pending sale this February compared to 76 a year ago. The number of current contracts is 14% higher than last February.

Sale Price to List Price Ratio
In February, the average sale price in Wildwood was 96.0% 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 149, lower than the average last year, which was 208, a decrease of 28%.

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.