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

Sales and Inventory History

Wednesday, January 09, 2008
Category - SingleFamily / Area: OCP - OCEANPORT / County: Monmouth
Month Year Monthly Sales Avg ListPrice Avg Sale Price % Diff Sell/list Avg DOM Curr Inventory Months Inventory
January 2005 3 $639,633 $595,000 93.02% 93.0 29 9.67
February 2005 N/A $0 $0 0% 0.0 28 0
March 2005 7 $538,057 $511,893 95.14% 62.0 31 4.43
April 2005 1 $285,000 $275,000 96.49% 175.0 31 31.00
May 2005 7 $564,529 $542,786 96.15% 74.0 36 5.14
June 2005 8 $674,550 $653,362 96.86% 74.0 36 4.50
July 2005 6 $504,117 $471,083 93.45% 67.0 34 5.67
August 2005 8 $749,825 $729,672 97.31% 64.0 30 3.75
September 2005 7 $983,043 $927,857 94.39% 81.0 33 4.71
October 2005 2 $639,450 $629,500 98.44% 252.0 39 19.50
November 2005 5 $732,000 $700,000 95.63% 68.0 44 8.80
December 2005 5 $705,580 $669,500 94.89% 87.0 39 7.80

Total 59 $637,799 $609,605 95.58% 99.7 37 9.54

January 2006 3 $414,967 $402,333 96.96% 105.0 34 11.33
February 2006 3 $484,600 $477,500 98.53% 55.0 37 12.33
March 2006 5 $688,380 $663,000 96.31% 121.0 41 8.20
April 2006 7 $511,700 $489,843 95.73% 65.0 46 6.57
May 2006 4 $718,450 $685,750 95.45% 118.0 53 13.25
June 2006 5 $592,740 $570,400 96.23% 69.0 53 10.60
July 2006 4 $567,425 $535,000 94.29% 53.0 53 13.25
August 2006 9 $1,011,167 $923,778 91.36% 124.0 56 6.22
September 2006 3 $799,967 $715,833 89.48% 56.0 53 17.67
October 2006 5 $857,180 $765,500 89.30% 103.0 47 9.40
November 2006 7 $796,271 $748,179 93.96% 79.0 40 5.71
December 2006 3 $457,633 $424,167 92.69% 212.0 33 11.00

Total 58 $658,373 $616,774 93.68% 96.7 46 10.46

January 2007 1 $1,079,000 $999,000 92.59% 163.0 37 37.00
February 2007 3 $606,300 $583,300 96.21% 95.0 35 11.67
March 2007 3 $706,300 $676,667 95.80% 90.0 43 14.33
April 2007 1 $995,000 $910,000 91.46% 73.0 49 49.00
May 2007 4 $474,688 $460,625 97.04% 71.0 59 14.75
June 2007 3 $469,600 $451,667 96.18% 184.0 58 19.33
July 2007 4 $1,297,225 $1,157,375 89.22% 138.0 60 15.00
August 2007 6 $865,317 $836,667 96.69% 100.0 58 9.67
September 2007 5 $501,340 $480,480 95.84% 99.0 54 10.80
October 2007 2 $737,000 $665,500 90.30% 56.0 50 25.00
November 2007 4 $503,425 $484,000 96.14% 106.0 47 11.75
December 2007 3 $559,633 $526,667 94.11% 131.0 40 13.33

Total 39 $732,902 $685,996 93.60% 108.8 49 19.30


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

Total 2005-2008 156 $507,269 $478,094 94.25% 76.5 33 9.75

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 01:29 PM

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