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