January Morris and Middlesex County Single Family Sales

Morris County  
Single Family Homes for January
Key Metrics        2020    2021     Change
New Listings        533      408    – 23.5%
Closed Sales       371      390     + 5.1%
DOM*                  75        41      – 45.3%
Median PX       $428K   $517K    + 20.9%
% of PX            96.9%   100.2%   + 3.4%
Inventory          1,545      779      – 49.6%
Months Supply    3.6       1.5      – 52.8%
*Days on Market

Middlesex County
Single Family Homes for January
Key Metrics     2020    2021    Change
New Listings     604      502    – 16.9%
Closed Sales    367      481     + 31.1%
DOM*                 69       48    – 30.4%
Median PX    $343K   $410K    + 19.5%
% PX Rec’d    97.2%   101.2%  + 4.1%
Inventory        2,082     1,238   – 40.5%
Month Supply    4.0       2.1     – 47.5%
*Days on Market