Ocean County posted the most dramatic changes y-o-y with new listings plunging 18.6%, inventory collapsing over 25% and months of inventory falling to just 4 months.
Monmouth County
Single Family Homes for December
Key Metrics 2018 2019 Change
New Listings 435 372 –14.5%
Closed Sales 538 556 + 3.3%
DOM* 65 65 + 0.0%
Median PX $415K $434K + 4.5%
% of PX 96.7% 97.0% + 0.3%
Inventory 2,457 1,994 – 18.8%
Months Supply 4.2 3.5 – 16.7%
*Days on Market
Ocean County
Single Family Homes for December
Key Metrics 2018 2019 Change
New Listings 668 544 – 18.6%
Closed Sales 641 688 + 7.3%
DOM* 76 76 – 0.0%
Median PX $293K $310K + 5.6%
% PX Rec’d 96.6% 96.8% + 0.2%
Inventory 3,982 2,969 – 25.4%
Month Supply 5.0 4.0 – 32.2%
*Days on Market