The Long & Foster Market Minute

Focus On: Wildwood Housing Market October 2020

Zip Code(s): 08260
Units Sold
124
Active Inventory
266
Median Sale Price
$330,000
Days On Market
102
Up
Vs. Year Ago
Down -46%
Vs. Year Ago
Up 8%
Vs. Year Ago
Down -31%
Vs. Year Ago

Units Sold
There was an increase in total units sold in October, with 124 sold this month in Wildwood Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 227 units or 46%. The total number of active inventory this October was 266 compared to 493 in October 2019. This month's total of 266 is lower than the previous month's total supply of available inventory of 277, a decrease of 4%.

Median Sale Price
Last October, the median sale price for Wildwood Homes was $306,000. This October, the median sale price was $330,000, an increase of 8% or $24,000 compared to last year. The current median sold price is 4% lower than in September.

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


New Listings
120
Current Contracts
118
Sold Vs. List Price
98.8%
Months of Supply
2.1
Up 2%
Vs. Year Ago
Up 36%
Vs. Year Ago
Up 2.3%
Vs. Year Ago
Down -61%
Vs. Year Ago

Months of Supply
In October, there was 2.1 months of supply available in Wildwood, compared to 5.5 in October 2019. That is a decrease of 61% 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 120 homes newly listed for sale in Wildwood compared to 118 in October 2019, an increase of 2%. There were 118 current contracts pending sale this October compared to 87 a year ago. The number of current contracts is 36% higher than last October.

Sale Price to List Price Ratio
In October, the average sale price in Wildwood was 98.8% of the average list price, which is 2.2% higher than at this time last year.

Days on Market
This month, the average number of days on market was 102, lower than the average last year, which was 147, a decrease of 31%.

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.