The Long & Foster Market Minute

Focus On: Egg Harbor Township Housing Market April 2019

Zip Code(s): 08234
Units Sold
58
Active Inventory
307
Median Sale Price
$204,950
Days On Market
64
Up 5%
Vs. Year Ago
Up 10%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -20%
Vs. Year Ago

Units Sold
There was an increase in total units sold in April, with 58 sold this month in Egg Harbor Township Real Estate versus 53 last month, an increase of 9%. This month's total units sold was higher than at this time last year, an increase of 5% versus April 2018.

Active Inventory
Versus last year, the total number of homes available this month is higher by 28 units or 10%. The total number of active inventory this April was 307 compared to 279 in April 2018. This month's total of 307 is higher than the previous month's total supply of available inventory of 294, an increase of 4%.

Median Sale Price
Last April, the median sale price for Egg Harbor Township Homes was $210,000. This April, the median sale price was $204,950, a decrease of 2% or $5,050 compared to last year. The current median sold price is 2% 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.


New Listings
101
Current Contracts
69
Sold Vs. List Price
97.6%
Months of Supply
5.3
Down -10%
Vs. Year Ago
Down -10%
Vs. Year Ago
No Change
Vs. Year Ago
Up 4%
Vs. Year Ago

Months of Supply
In April, there was 5.3 months of supply available in Egg Harbor Township, compared to 5.1 in April 2018. That is an increase of 4% 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 101 homes newly listed for sale in Egg Harbor Township compared to 112 in April 2018, a decrease of 10%. There were 69 current contracts pending sale this April compared to 77 a year ago. The number of current contracts is 10% lower than last April.

Sale Price to List Price Ratio
In April, the average sale price in Egg Harbor Township was 97.6% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 64, lower than the average last year, which was 80, a decrease of 20%.

The Long & Foster Market Minute Egg Harbor Township are defined as properties listed in zip code/s 08234.
*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.
REALTOR, Equal Opportunity HousingInformation 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.