 |
|||
 |
|||
| | |||
| JANUARY 2025 | |||
| | |||
| Units Sold 554 |
Active Inventory 1,647 |
Median Sale Price $449,000 |
Days On Market 43 |
|
|
|
|
|
| Down -1% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 10% Vs. Year Ago |
| | |||
Units Sold
There was a decrease in total units sold in January, with 554 sold this month in Ocean County Real Estate versus 750 last month, a decrease of 26%. This month's total units sold was lower than at this time last year, a decrease of 1% versus January 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 79 units or 5%. The total number of active inventory this January was 1,647 compared to 1,568 in January 2024. This month's total of 1,647 is higher than the previous month's total supply of available inventory of 1,620, an increase of 2%. |
|||
Median Sale Price
Last January, the median sale price for Ocean County Homes was $427,500. This January, the median sale price was approximately the same at $449,000. The current median sold price is 5% higher than in January 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 939 |
Current Contracts 620 |
Sold Vs. List Price 98.1% |
Months of Supply 3.0 |
|
|
|
|
|
| Up 6% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Up 6% Vs. Year Ago |
| | |||
Months of Supply
In January, there was 3.0 months of supply available in Ocean County, compared to 2.8 in January 2024. That is an increase of 6% 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 939 homes newly listed for sale in Ocean County compared to 886 in January 2024, an increase of 6%. There were 620 current contracts pending sale this January, consistent with the volume a year ago. The number of current contracts is 22% higher than last month. |
|||
Sale Price to List Price Ratio
In January, the average sale price in Ocean County was 98.1% 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 43, higher than the average last year, which was 39, an increase of 10%. | |||
 |
|||
| *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 MOMLS 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 MOMLS or Long & Foster Real Estate, Inc. |
|||