July Sales for Morris and Middlesex Counties

Morris and Middlesex Counties
Morris County
Single Family Homes for July
Key Metrics       2023       2024     Change
New Listings       396        497     + 25.5%
Closed Sales      360        392     + 8.9%
DOM*                  24          21     – 12.5%
Median PX        $701K    $748K    + 6.8%
% of PX           106.2%  106.3%  + 0.1%
Inventory            674         654      – 3.o%
Months Supply    2.2        2.2      – 00.0%
*Days on Market

Middlesex County
Single Family Homes for July
Key Metrics      2023       2024     Change
New Listings      505        574     + 13.7%
Closed Sales      420       484     +  10.5%
DOM*                  32          30    –  11.8%
Median PX       $530K    $610K     + 15.0%
% PX Rec’d    104.4%    105.0%    + 0.6%
Inventory         1,428      1,081     – 24.3%
Month Supply      3.5      2.8      – 20.0%
*Days on Market