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| MAY 2025 | |||
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| Units Sold 9 |
Active Inventory 40 |
Median Sale Price $410,000 |
Days On Market 14 |
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| Down Vs. Year Ago |
Up 43% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in May, with 9 sold this month in Middlesex County Real Estate. This month's total units sold was lower than at this time last year, a decrease from May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 12 units or 43%. The total number of active inventory this May was 40 compared to 28 in May 2024. This month's total of 40 is higher than the previous month's total supply of available inventory of 39, an increase of 3%. |
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Median Sale Price
Last May, the median sale price for Middlesex County Homes was $390,000. This May, the median sale price was $410,000, an increase of 5% or $20,000 compared to last year. The current median sold price is 17% higher than in April. 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 17 |
Current Contracts 16 |
Sold Vs. List Price 101.6% |
Months of Supply 4.4 |
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| Down -6% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up Vs. Year Ago |
Up 59% Vs. Year Ago |
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Months of Supply
In May, there was 4.4 months of supply available in Middlesex County, compared to 2.8 in May 2024. That is an increase of 59% 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 17 homes newly listed for sale in Middlesex County compared to 18 in May 2024, a decrease of 6%. There were 16 current contracts pending sale this May compared to 15 a year ago. The number of current contracts is 7% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Middlesex County was 101.6% of the average list price, which is higher than at this time last year. Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 43. This decrease was impacted by the limited number of sales. | |||
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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 CBRAR 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 CBRAR or Long & Foster Real Estate, Inc. |
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