The Long & Foster Market Minute

Focus On: Wildwood Housing Market April 2019

Zip Code(s): 08260
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 31%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -5%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 94 sold this month in Wildwood Real Estate versus 77 last month, an increase of 22%. This month's total units sold was higher than at this time last year, an increase of 31% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 6%. The total number of active inventory this April was 558 compared to 596 in April 2018. This month's total of 558 is lower than the previous month's total supply of available inventory of 579, a decrease of 4%.

Median Sale Price
Last April, the median sale price for Wildwood Homes was $245,000. This April, the median sale price was $255,000, an increase of 4% or $10,000 compared to last year. The current median sold price is 7% 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -12%
Vs. Year Ago
Up 34%
Vs. Year Ago
No Change
Vs. Year Ago
Down -28%
Vs. Year Ago

Months of Supply
In April, there was 5.9 months of supply available in Wildwood, compared to 8.3 in April 2018. That is a decrease of 28% 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 121 homes newly listed for sale in Wildwood compared to 138 in April 2018, a decrease of 12%. There were 106 current contracts pending sale this April compared to 79 a year ago. The number of current contracts is 34% higher than last April.

Sale Price to List Price Ratio
In April, the average sale price in Wildwood was 96.5% 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 141, lower than the average last year, which was 148, a decrease of 5%.

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.