The Long & Foster Market Minute
Focus On: Wildwood Housing Market April 2017
Zip Code(s): 08260
Units Sold
93
Active Inventory
740
Median Sale Price
$280,000
Days On Market
174
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 9%
Vs. Year Ago
Down -21%
Vs. Year Ago
Up 17%
Vs. Year Ago
Down -7%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 93 sold this month in Wildwood Real Estate versus 98 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 9% versus April 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 191 units or 21%. The total number of active inventory this April was 740 compared to 931 in April 2016. This month's total of 740 is lower than the previous month's total supply of available inventory of 747, a decrease of 1%.

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Median Sale Price
Last April, the median sale price for Wildwood Homes was $240,000. This April, the median sale price was $280,000, an increase of 17% or $40,000 compared to last year. The current median sold price is 8% 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
146
Current Contracts
92
Sold Vs. List Price
95.3%
Months of Supply
8.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 7%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -27%
Vs. Year Ago
Months of Supply
In April, there was 8.0 months of supply available in Wildwood, compared to 11.0 in April 2016. That is a decrease of 27% 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 146 homes newly listed for sale in Wildwood compared to 137 in April 2016, an increase of 7%. There were 92 current contracts pending sale this April compared to 87 a year ago. The number of current contracts is 6% higher than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Wildwood was 95.3% of the average list price, which is 2.4% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 174, lower than the average last year, which was 188, a decrease of 7%.

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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.