Wildwood Housing Market Data

There was an increase in total units sold in December, with 85 sold this month in Wildwood Real Estate versus 76 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 21% versus December 2020.

Versus last year, the total number of homes available this month is higher by 4 units or 2%. The total number of active inventory this December was 219 compared to 215 in December 2020. This month's total of 219 is lower than the previous month's total supply of available inventory of 236, a decrease of 7%.

Last December, the median sale price for Wildwood Homes was $360,000. This December, the median sale price was $475,000, an increase of $115,000 compared to last year. The current median sold price is higher than in November.

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

In December, there was 2.6 months of supply available in Wildwood, compared to 2.0 in December 2020. That is an increase 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 34 homes newly listed for sale in Wildwood compared to 41 in December 2020, a decrease of 17%. There were 42 current contracts pending sale this December compared to 62 a year ago. The number of current contracts is 32% lower than last December.

In December, the average sale price in Wildwood was 97.7% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 106, higher than the average last year, which was 104, an increase of 2%.





Focus On: Wildwood Housing Market			December 2021

Zip Code(s): 08260
Units Sold 85	Active Inventory 219	Median Sale Price $475,000	Days On Market 106

Down -21% Vs. Year Ago	Up 2% Vs. Year Ago	Up 32% Vs. Year Ago	Up 2% Vs. Year Ago


		Units Sold There was an increase in total units sold in December, with 85 sold this month in Wildwood Real Estate versus 76 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 21% versus December 2020.
Active Inventory Versus last year, the total number of homes available this month is higher by 4 units or 2%. The total number of active inventory this December was 219 compared to 215 in December 2020. This month's total of 219 is lower than the previous month's total supply of available inventory of 236, a decrease of 7%.
		Median Sale Price Last December, the median sale price for Wildwood Homes was $360,000. This December, the median sale price was $475,000, an increase of $115,000 compared to last year. The current median sold price is higher than in November. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 34	Current Contracts 42	Sold Vs. List Price 97.7%	Months of Supply 2.6

Down -17% Vs. Year Ago	Down -32% Vs. Year Ago	Down -1.3% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In December, there was 2.6 months of supply available in Wildwood, compared to 2.0 in December 2020. That is an increase 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 34 homes newly listed for sale in Wildwood compared to 41 in December 2020, a decrease of 17%. There were 42 current contracts pending sale this December compared to 62 a year ago. The number of current contracts is 32% lower than last December.
		Sale Price to List Price Ratio In December, the average sale price in Wildwood was 97.7% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 106, higher than the average last year, which was 104, an increase of 2%.


	Wildwood are defined as properties listed in zip code/s 08260.
	*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.