Morris and Middlesex Counties

Morris County
Single Family Homes for May
Key Metrics    2018   2019   Change
New Listings  1,117   1,077 – 3.6%
Closed Sales     441      468   + 6.1%
DOM*              56        57      + 1.8%
Median PX     $440K  $455K  + 3.4%
% of PX      98.6%   98.7%    + 0.1%
Inventory     2,448  2,438   – 0.4%
Months Supply 5.7  5.8        + 1.8%
*Days on Market

Middlesex County
Single Family Homes for May
Key Metrics      2018     2019    Change
New Listings    1,020      931    – 8.7%
Closed Sales       542      594      + 9.6%
DOM*                61         59      – 3.3%
Median PX      $335K    $356K    + 6.2%
% PX Rec’d     98.9%     98.5%    – 0.4%
Inventory     2,193       2,163      – 1.4%
Month Supply   4.0         4.1       + 2.5%
*Days on Market

The most dramatic shift in Middlesex County’s single-family sales came by way of the 9.6% surge in closed sales for May year-over-year.

Another bright spot on the Middlesex single family home front came in the median sales price increase 6.2% from $335,000 to $355,750.
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