Avalon and Stone Harbor Housing Market Data

There was an increase in total units sold in April, with 41 sold this month in Avalon and Stone Harbor Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is lower by 10 units or 5%. The total number of active inventory this April was 211 compared to 221 in April 2018. This month's total of 211 is lower than the previous month's total supply of available inventory of 227, a decrease of 7%.

Last April, the median sale price for Avalon and Stone Harbor Homes was $1,035,000. This April, the median sale price was $1,975,000, an increase of $940,000 compared to last year. The current median sold price is higher 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.

In April, there was 5.1 months of supply available in Avalon and Stone Harbor, compared to 7.1 in April 2018. That is a decrease of 28% 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 47 homes newly listed for sale in Avalon and Stone Harbor compared to 37 in April 2018, an increase of 27%. There were 36 current contracts pending sale this April compared to 35 a year ago. The number of current contracts is 3% higher than last April.

In April, the average sale price in Avalon and Stone Harbor was 95.3% of the average list price, which is 1.0% higher than at this time last year.

This month, the average number of days on market was 161, lower than the average last year, which was 204, a decrease of 21%.





Focus On: Avalon and Stone Harbor Housing Market			April 2019

Zip Code(s): 08202 and 08247
Units Sold 41	Active Inventory 211	Median Sale Price $1,975,000	Days On Market 161

Up 32% Vs. Year Ago	Down -5% Vs. Year Ago	Up Vs. Year Ago	Down -21% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 41 sold this month in Avalon and Stone Harbor 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 10 units or 5%. The total number of active inventory this April was 211 compared to 221 in April 2018. This month's total of 211 is lower than the previous month's total supply of available inventory of 227, a decrease of 7%.
		Median Sale Price Last April, the median sale price for Avalon and Stone Harbor Homes was $1,035,000. This April, the median sale price was $1,975,000, an increase of $940,000 compared to last year. The current median sold price is higher 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.



New Listings 47	Current Contracts 36	Sold Vs. List Price 95.3%	Months of Supply 5.1

Up 27% Vs. Year Ago	Up 3% Vs. Year Ago	Up 1.1% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In April, there was 5.1 months of supply available in Avalon and Stone Harbor, compared to 7.1 in April 2018. That is a decrease of 28% 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 47 homes newly listed for sale in Avalon and Stone Harbor compared to 37 in April 2018, an increase of 27%. There were 36 current contracts pending sale this April compared to 35 a year ago. The number of current contracts is 3% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Avalon and Stone Harbor was 95.3% of the average list price, which is 1.0% higher than at this time last year. Days on Market This month, the average number of days on market was 161, lower than the average last year, which was 204, a decrease of 21%.


	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.