Avalon and Stone Harbor Housing Market Data

With relatively few transactions, there was an increase in total units sold in October, with 37 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 October 2020.

Versus last year, the total number of homes available this month is lower by 33 units or 28%. The total number of active inventory this October was 83 compared to 116 in October 2020. This month's total of 83 is lower than the previous month's total supply of available inventory of 89, a decrease of 7%.

Last October, the median sale price for Avalon and Stone Harbor Homes was $1,800,000. This October, the median sale price was $1,935,000, an increase of 8% or $135,000 compared to last year. The current median sold price is 21% lower than in September.

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

In October, there was 2.2 months of supply available in Avalon and Stone Harbor, compared to 1.5 in October 2020. That is an increase of 53% 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 38 homes newly listed for sale in Avalon and Stone Harbor compared to 49 in October 2020, a decrease of 22%. There were 34 current contracts pending sale this October compared to 51 a year ago. The number of current contracts is 33% lower than last October.

In October, the average sale price in Avalon and Stone Harbor was 96.4% of the average list price, which is 0.5% lower than at this time last year.

This month, the average number of days on market was 109, lower than the average last year, which was 163, a decrease of 33%.





Focus On: Avalon and Stone Harbor Housing Market			October 2021

Zip Code(s): 08202 and 08247
Units Sold 37	Active Inventory 83	Median Sale Price $1,935,000	Days On Market 109

Down Vs. Year Ago	Down -28% Vs. Year Ago	Up 7% Vs. Year Ago	Down -33% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in October, with 37 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 October 2020.
Active Inventory Versus last year, the total number of homes available this month is lower by 33 units or 28%. The total number of active inventory this October was 83 compared to 116 in October 2020. This month's total of 83 is lower than the previous month's total supply of available inventory of 89, a decrease of 7%.
		Median Sale Price Last October, the median sale price for Avalon and Stone Harbor Homes was $1,800,000. This October, the median sale price was $1,935,000, an increase of 8% or $135,000 compared to last year. The current median sold price is 21% lower than in September. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 38	Current Contracts 34	Sold Vs. List Price 96.4%	Months of Supply 2.2

Down -22% Vs. Year Ago	Down -33% Vs. Year Ago	Down -0.5% Vs. Year Ago	Up 52% Vs. Year Ago


		Months of Supply In October, there was 2.2 months of supply available in Avalon and Stone Harbor, compared to 1.5 in October 2020. That is an increase of 53% 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 38 homes newly listed for sale in Avalon and Stone Harbor compared to 49 in October 2020, a decrease of 22%. There were 34 current contracts pending sale this October compared to 51 a year ago. The number of current contracts is 33% lower than last October.
		Sale Price to List Price Ratio In October, the average sale price in Avalon and Stone Harbor was 96.4% of the average list price, which is 0.5% lower than at this time last year. Days on Market This month, the average number of days on market was 109, lower than the average last year, which was 163, a decrease of 33%.


	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.