In December 2022, 40.5% of homes in New-Jersey sold below list price, down 8.8 points year.
Monmouth County
Single Family Homes for December
Key Metrics 2021 2022 Change
New Listings 312 254 – 18.6%
Closed Sales 606 388 – 36.9%
DOM* 38 40 + 5.3%
Median PX $597K $615K + 3.0%
% of PX 100.8% 98.7% – 2.1%
Inventory 1,045 1,228 + 17.5%
Months Supply 1.8 2.6 +44.0%
*Days on Market
Ocean County
Single Family Homes for December
Key Metrics 2021 2022 Change
New Listings 411 350 – 14.8%
Closed Sales 788 499 – 36.7%
DOM* 39 43 + 10.3%
Median PX $450K $487K + 8.2%
% PX Rec’d 101.0% 99.2% – 1.8%
Inventory 1,207 1,514 + 25.5%
Month Supply 1.7 2.8 + 64.7%
*Days on Market