The Long & Foster Market Minute

Focus On: Wildwood Housing Market January 2021

Zip Code(s): 08260
Units Sold
60
Active Inventory
197
Median Sale Price
$384,000
Days On Market
101
Up 15%
Vs. Year Ago
Down -57%
Vs. Year Ago
Up
Vs. Year Ago
Down -45%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in January, with 60 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 258 units or 57%. The total number of active inventory this January was 197 compared to 455 in January 2020. This month's total of 197 is lower than the previous month's total supply of available inventory of 213, a decrease of 8%.

Median Sale Price
Last January, the median sale price for Wildwood Homes was $271,500. This January, the median sale price was $384,000, an increase of $112,500 compared to last year. The current median sold price is higher 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.


New Listings
129
Current Contracts
128
Sold Vs. List Price
99.1%
Months of Supply
3.3
Up 9%
Vs. Year Ago
Up 73%
Vs. Year Ago
Up 3.4%
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In January, there was 3.3 months of supply available in Wildwood, compared to 8.8 in January 2020. That is a decrease of 62% 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 129 homes newly listed for sale in Wildwood compared to 118 in January 2020, an increase of 9%. There were 128 current contracts pending sale this January compared to 74 a year ago. The number of current contracts is 73% higher than last January.

Sale Price to List Price Ratio
In January, the average sale price in Wildwood was 99.1% of the average list price, which is 3.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 101, lower than the average last year, which was 182, a decrease of 45%.

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.