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| APRIL 2025 | |||
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| Units Sold 231 |
Active Inventory 2,389 |
Median Sale Price $335,000 |
Days On Market 47 |
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| Down -13% Vs. Year Ago |
Up 17% Vs. Year Ago |
Down -5% Vs. Year Ago |
Up 9% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 231 sold this month in Atlantic County Real Estate versus 212 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 13% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 342 units or 17%. The total number of active inventory this April was 2,389 compared to 2,047 in April 2024. This month's total of 2,389 is higher than the previous month's total supply of available inventory of 2,355, an increase of 1%. |
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Median Sale Price
Last April, the median sale price for Atlantic County Homes was $352,500. This April, the median sale price was $335,000, a decrease of 5% or $17,500 compared to last year. The current median sold price is 1% 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. |
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| New Listings 419 |
Current Contracts 265 |
Sold Vs. List Price 97.4% |
Months of Supply 10.3 |
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| Down -3% Vs. Year Ago |
No Change Vs. Year Ago |
Down -0.7% Vs. Year Ago |
Up 35% Vs. Year Ago |
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Months of Supply
In April, there was 10.3 months of supply available in Atlantic County, compared to 7.7 in April 2024. That is an increase of 35% 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. |
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New Listings & Current Contracts
This month there were 419 homes newly listed for sale in Atlantic County compared to 433 in April 2024, a decrease of 3%. There were 265 current contracts pending sale this April, consistent with the volume a year ago. The number of current contracts is 14% lower than last month. |
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Sale Price to List Price Ratio
In April, the average sale price in Atlantic County was 97.4% of the average list price, which is 0.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 47, higher than the average last year, which was 43, an increase of 9%. | |||
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| *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 SJSMLS 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 SJSMLS or Long & Foster Real Estate, Inc. |
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