Ocean and Monmouth Single Family Sales

Ocean County New Listings surge by 10% Y-O-Y in August, while days on market fall by 10% reflecting the robust market in New Jersey real estate. Monmouth County also posted a drop in the days on market category from 61 to 52, reflecting a 14.8% drop. 

Ocean County                                                                
Single Family August 2018
Key Market Metrics    2017 2018      Change
■ New Listings        1,189   1,310    + 10.2%
■ Closed Sales           818       862   + 5.4%
■ DOM*                    77       69       – 10.4%
■ Median Px         $290K    $310       + 6.9%
■ % of Px Rec’d     96.8% 97.4%     + 0.6%
■ Inventory           4,724    4,413     – 6.6%
■ Months of Inventory 7.4   6.7       – 9.5%
* Days on Market Until Sale

Monmouth County
Single Family Augusts 2018
Key Market Metrics    2017 2018     Change
■ New Listings           969   963        – 0.6%
■ Closed Sales           829   822       – 0.8%
■ DOM*                    61    52          – 14.8%
■ Median Px        $429.5K  $467.5K  + 8.8%
■ % of Px Rec’d      97.7% 97.9%   + 0.2%
■ Inventory            3,427     2,932   – 14.4%
■ Months of Inventory 5.8    4.9      – 15.5%
* Days on Market Until Sale

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