November Closed Sales Up 26.3%
New Jersey Closed Sales November 2016
It was an incredible 2016. Sales have remained strong in year-over-year comparisons, despite the fact that there are fewer homes on the market. Not only are homes selling, but they are selling faster and receiving a higher percentage of the actual list price.
Statewide
* Single Family Closed Sales were up 29.7% to 6,050.
* Townhouse-Condo Closed Sales were up 18.4% to 1,721.
* Adult Communities Closed Sales were up 20.7% to 588.
* Single Family Median Sales Price remained flat at $295,000.
* Townhouse-Condo Median Sales Price fell 2.0% to $240,000.
* Adult Communities Median Sales Price were up 3.4% to $180,963.
Ocean County
Single Family 2015 2016 Change
New Listings 829 829 0.0%
Closed Sales 473 637 +34.7%
Days on Market 101 94 -6.9%
Median Sales Px $273K $295K +8.0%
% of Price Recvd 95.8% 96.6% +0.8%
Inventory 5,177 4,164 -19.6%
Months Supply 10.3 6.8 -34%
Monmouth County
Single Family 2015 2016 Change
New Listings 678 677 -0.1%
Closed Sales 412 518 +25.7%
Days on Market 81 76 -6.2%
Median Sales Px $375K $401K +6.9%
% of Price Recvd 95.5% 96.7 +1.3%
Inventory 3,815 2,883 -24.4%
Months of Supply 8.6 5.2 -35.8%
