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The Past Month in Real Estate Ocean County NJ, April 2012

By
Real Estate Agent with Keller Williams Shore Properties 1005238

This Month in Real Estate is a monthly video news series, provided by Keller Williams Realty, that offers an inside look at the national real estate market. Each edition provides a snapshot of the numbers and trends that drive the real estate market, as well as expert opinion and analysis. For information on your local real estate conditions, in your neighborhood, please contact Karl Hess or go to www.homevaluesinoceancountynj.com.

 

As of today, there are 4264 single family homes for sale in Ocean County. The median list price for those homes is $324,945. The average days on market is 146 days.

There were 867 new listings for homes in Ocean County for the month of April with a median asking price of $300,000. 255 homes sold in Ocean County in April with a median sold price of $$271,600 which results in a sales price vs listing price ratio of 92%. The average days on market for sold homes is 141. In April, 248 listings expired or were withdrawn.

In comparison to April 2011: There were 922 new home listing with a median asking price of $306,000. 268 homes were sold and the median sold price was $253,249 and the average days on market for sold homes was 121 days. In April 2011, 278 listings expired or were withdrawn.

Bottom line for home sales in Ocean County for April 2012 in comparison to April 2011:

  • New listings dropped by 55 homes
  • Average listing price dropped by $6,000.
  • Average sales price dropped by almost $18,000.
  • Average days on market increased by 20 days.
  • 30 less listings expired in April 2011 than in April 2012.

Ocean County Homes Sold Terms/Market Statistics for April 2012:

--Information deemed reliable but not guaranteed--
Prepared by Karl Hess of Keller Williams Realty Monmouth/Ocean on Sunday, May 06, 2012 3:29 PM.

 

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