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| Focus On: Gloucester County Housing Market | April 2019 | ||
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| Units Sold 41 |
Active Inventory 199 |
Median Sale Price $285,000 |
Days On Market 86 |
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| Down -13% Vs. Year Ago |
Down -20% Vs. Year Ago |
Up 30% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 41 sold this month in Gloucester County Real Estate versus 43 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 13% versus April 2018. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 51 units or 20%. The total number of active inventory this April was 199 compared to 250 in April 2018. This month's total of 199 is higher than the previous month's total supply of available inventory of 193, an increase of 3%. |
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Median Sale Price
Last April, the median sale price for Gloucester County Homes was $220,000. This April, the median sale price was $285,000, an increase of $65,000 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. |
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| New Listings 75 |
Current Contracts 47 |
Sold Vs. List Price 98.5% |
Months of Supply 4.9 |
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| Up 27% Vs. Year Ago |
Up 9% Vs. Year Ago |
Down -0.8% Vs. Year Ago |
Down -9% Vs. Year Ago |
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Months of Supply
In April, there was 4.9 months of supply available in Gloucester County, compared to 5.3 in April 2018. That is a decrease of 9% 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. |
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New Listings & Current Contracts
This month there were 75 homes newly listed for sale in Gloucester County compared to 59 in April 2018, an increase of 27%. There were 47 current contracts pending sale this April compared to 43 a year ago. The number of current contracts is 9% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Gloucester County was 98.5% of the average list price, which is 0.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 86, higher than the average last year, which was 77, an increase of 12%. | |||
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| *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 REIN 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 REIN or Long & Foster Real Estate, Inc. |
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