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| MARCH 2025 | |||
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| Zip Code(s): 08202 and 08247 | |||
| Units Sold 14 |
Active Inventory 142 |
Median Sale Price $2,850,000 |
Days On Market 145 |
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| Down Vs. Year Ago |
Up 14% Vs. Year Ago |
Up Vs. Year Ago |
Down -9% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was an increase in total units sold in March, with 14 sold this month in Avalon and Stone Harbor Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 17 units or 14%. The total number of active inventory this March was 142 compared to 125 in March 2024. This month's total of 142 is higher than the previous month's total supply of available inventory of 125, an increase of 14%. |
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Median Sale Price
Due to the relatively small number of units sold, the median sale price showed significant change this month. Last March, the median sale price for Avalon and Stone Harbor Homes was $2,200,000. This March, the median sale price was $2,850,000, an increase of $650,000 compared to last year. The current median sold price is higher than in February. 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 41 |
Current Contracts 19 |
Sold Vs. List Price 93.8% |
Months of Supply 10.1 |
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| Up 5% Vs. Year Ago |
Up 90% Vs. Year Ago |
Down -3.6% Vs. Year Ago |
Up Vs. Year Ago |
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Months of Supply
In March, there was 10.1 months of supply available in Avalon and Stone Harbor, compared to 5.0 in March 2024. That is an increase 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 41 homes newly listed for sale in Avalon and Stone Harbor compared to 39 in March 2024, an increase of 5%. There were 19 current contracts pending sale this March compared to 10 a year ago. The number of current contracts is 90% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Avalon and Stone Harbor was 93.8% of the average list price, which is 3.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 145, lower than the average last year, which was 160, a decrease of 9%. | |||
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Avalon and Stone Harbor are defined as properties listed in zip code/s 08202 and 08247. | ||
| *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. |
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