The Long & Foster Market Minute
Focus On: Wildwood Housing Market January 2017
Zip Code(s): 08260
Units Sold
38
Active Inventory
759
Median Sale Price
$272,500
Days On Market
230
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down
Vs. Year Ago
Down -15%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 13%
Vs. Year Ago
Units Sold
With relatively few transactions, there was a decrease in total units sold in January, with 38 sold this month in Wildwood Real Estate. This month's total units sold was lower than at this time last year, a decrease from January 2016.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 134 units or 15%. The total number of active inventory this January was 759 compared to 893 in January 2016. This month's total of 759 is higher than the previous month's total supply of available inventory of 750, an increase of 1%.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last January, the median sale price for Wildwood Homes was $299,900. This January, the median sale price was $272,500, a decrease of 9% or $27,400 compared to last year. The current median sold price is 8% lower than in December.

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

Click here to compare the median sale price of this area against other locations.
New Listings
148
Current Contracts
55
Sold Vs. List Price
95.5%
Months of Supply
20.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Up 31%
Vs. Year Ago
Up 1.1%
Vs. Year Ago
Down -4%
Vs. Year Ago
Months of Supply
In January, there was 20.0 months of supply available in Wildwood, compared to 20.8 in January 2016. That is a decrease of 4% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 148 homes newly listed for sale in Wildwood, which is similar to the amount in January 2016. There were 55 current contracts pending sale this January compared to 42 a year ago. The number of current contracts is 31% higher than last January.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In January, the average sale price in Wildwood was 95.5% of the average list price, which is 1.1% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 230, higher than the average last year, which was 204, an increase of 13%.

Click here to compare the days on market of this area against other locations.
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.