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Shrewsbury, NJ - Real Estate Market Facts, Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - SingleFamily / Area: SHB - SHREWSBURY BORO / County: Monmouth
Month Year Monthly Sales Avg ListPrice Avg Sale Price % Diff Sell/list Avg DOM Curr Inventory Months Inventory
January 2005 3 $400,967 $391,333 97.60% 154.0 10 3.33
February 2005 1 $279,900 $265,000 94.68% 194.0 11 11.00
March 2005 2 $517,000 $492,500 95.26% 122.0 10 5.00
April 2005 2 $407,450 $395,000 96.94% 41.0 15 7.50
May 2005 4 $463,425 $456,950 98.60% 35.0 21 5.25
June 2005 1 $878,500 $870,000 99.03% 79.0 24 24.00
July 2005 5 $631,380 $614,000 97.25% 69.0 24 4.80
August 2005 10 $555,400 $532,485 95.87% 55.0 22 2.20
September 2005 7 $617,371 $608,000 98.48% 41.0 23 3.29
October 2005 6 $908,316 $888,333 97.80% 22.0 22 3.67
November 2005 1 $675,000 $600,000 88.89% 149.0 20 20.00
December 2005 1 $549,000 $547,000 99.64% 49.0 20 20.00

Total 43 $573,642 $555,050 96.76% 84.2 19 9.17

January 2006 3 $679,633 $639,000 94.02% 100.0 24 8.00
February 2006 1 $599,900 $585,000 97.52% 95.0 25 25.00
March 2006 1 $989,000 $982,000 99.29% 41.0 29 29.00
April 2006 4 $671,847 $650,972 96.89% 55.0 28 7.00
May 2006 5 $1,058,780 $950,400 89.76% 99.0 30 6.00
June 2006 2 $607,400 $602,000 99.11% 86.0 33 16.50
July 2006 3 $753,267 $733,300 97.35% 58.0 32 10.67
August 2006 7 $591,014 $532,557 90.11% 102.0 31 4.43
September 2006 4 $484,900 $471,225 97.18% 96.0 35 8.75
October 2006 2 $660,200 $607,000 91.94% 100.0 34 17.00
November 2006 3 $1,021,333 $945,000 92.53% 159.0 32 10.67
December 2006 2 $554,450 $520,000 93.79% 60.0 30 15.00

Total 37 $722,644 $684,871 94.77% 87.6 30 13.17

January 2007 N/A $0 $0 0% 0.0 26 0
February 2007 3 $554,633 $526,667 94.96% 115.0 29 9.67
March 2007 3 $396,600 $382,333 96.40% 119.0 31 10.33
April 2007 3 $619,600 $601,773 97.12% 130.0 27 9.00
May 2007 7 $550,386 $515,343 93.63% 21.0 30 4.29
June 2007 1 $595,000 $580,000 97.48% 77.0 23 23.00
July 2007 5 $539,940 $530,480 98.25% 48.0 29 5.80
August 2007 5 $528,740 $514,000 97.21% 75.0 29 5.80
September 2007 3 $1,166,300 $1,006,633 86.31% 149.0 34 11.33
October 2007 3 $752,933 $719,967 95.62% 103.0 33 11.00
November 2007 5 $564,560 $519,600 92.04% 56.0 33 6.60
December 2007 5 $670,360 $626,000 93.38% 34.0 30 6.00

Total 43 $630,823 $592,981 94.00% 84.3 32 9.35


Total 0 0% N/A N/A N/A

Total 2005-2008 123 $481,777 $458,226 95.11% 64.0 20 7.75

Note: The "Current Inventory" column reflects the number of active listings on the market on the 31st day of each Month.The "Months of Inventory" column is equal to the "Current Inventory" divided by the "Monthly Sales". This reflects how many months it would take to sell out of inventory at the current month's rate of sale.
--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORS®

Posted by Maureen Kelly on 01/09/2008 01:27 PM

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