CAPE MAY HOUSING MARKET DATA

There was an increase in total units sold in June, with 28 sold this month in Cape May Real Estate versus 25 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 33% versus June 2024.

Versus last year, the total number of homes available this month is higher by 10 units or 8%. The total number of active inventory this June was 135 compared to 125 in June 2024. This month's total of 135 is higher than the previous month's total supply of available inventory of 122, an increase of 11%.

Last June, the median sale price for Cape May Homes was $684,900. This June, the median sale price was $659,500, a decrease of 4% or $25,400 compared to last year. The current median sold price is 24% lower than in May.

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

In June, there was 4.8 months of supply available in Cape May, compared to 6.0 in June 2024. That is a decrease of 19% 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.

This month there were 45 homes newly listed for sale in Cape May compared to 28 in June 2024, an increase of 61%. There were 20 current contracts pending sale this June compared to 21 a year ago. The number of current contracts is 5% lower than last June.

In June, the average sale price in Cape May was 96.5% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 65, lower than the average last year, which was 126, a decrease of 48%.





FOCUS ON: CAPE MAY HOUSING MARKET			JUNE 2025

Zip Code(s): 08204 and 08212
Units Sold 28	Active Inventory 135	Median Sale Price $659,500	Days On Market 65

Up 33% Vs. Year Ago	Up 8% Vs. Year Ago	Down -4% Vs. Year Ago	Down -48% Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 28 sold this month in Cape May Real Estate versus 25 last month, an increase of 12%. This month's total units sold was higher than at this time last year, an increase of 33% versus June 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 10 units or 8%. The total number of active inventory this June was 135 compared to 125 in June 2024. This month's total of 135 is higher than the previous month's total supply of available inventory of 122, an increase of 11%.
		Median Sale Price Last June, the median sale price for Cape May Homes was $684,900. This June, the median sale price was $659,500, a decrease of 4% or $25,400 compared to last year. The current median sold price is 24% lower than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 45	Current Contracts 20	Sold Vs. List Price 96.5%	Months of Supply 4.8

Up 61% Vs. Year Ago	Down -5% Vs. Year Ago	Down -1.2% Vs. Year Ago	Down -19% Vs. Year Ago


		Months of Supply In June, there was 4.8 months of supply available in Cape May, compared to 6.0 in June 2024. That is a decrease of 19% 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 45 homes newly listed for sale in Cape May compared to 28 in June 2024, an increase of 61%. There were 20 current contracts pending sale this June compared to 21 a year ago. The number of current contracts is 5% lower than last June.
		Sale Price to List Price Ratio In June, the average sale price in Cape May was 96.5% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 65, lower than the average last year, which was 126, a decrease of 48%.


	Cape May are defined as properties listed in zip code/s 08204 and 08212.
	*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.
	Information 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.