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Long Branch, NJ - Real Estate Market Facts, Jan. 9, 2008

Sales and Inventory History

Wednesday, January 09, 2008
Category - SingleFamily / Area: LON - LONG BRANCH / County: Monmouth
Month Year Monthly Sales Avg ListPrice Avg Sale Price % Diff Sell/list Avg DOM Curr Inventory Months Inventory
January 2005 9 $346,944 $333,867 96.23% 93.0 61 6.78
February 2005 11 $316,145 $310,400 98.18% 55.0 67 6.09
March 2005 17 $458,065 $421,206 91.95% 74.0 68 4.00
April 2005 15 $510,620 $521,772 102.18% 42.0 76 5.07
May 2005 20 $431,565 $418,065 96.87% 54.0 88 4.40
June 2005 14 $354,757 $351,843 99.18% 42.0 77 5.50
July 2005 21 $439,238 $420,490 95.73% 56.0 96 4.57
August 2005 17 $464,141 $451,253 97.22% 87.0 95 5.59
September 2005 15 $547,727 $541,200 98.81% 81.0 98 6.53
October 2005 10 $362,050 $352,795 97.44% 66.0 97 9.70
November 2005 19 $531,685 $502,079 94.43% 71.0 90 4.74
December 2005 14 $437,271 $421,679 96.43% 82.0 80 5.71

Total 182 $433,351 $420,554 97.05% 66.9 83 5.72

January 2006 9 $489,733 $491,767 100.42% 93.0 94 10.44
February 2006 5 $395,560 $386,380 97.68% 92.0 107 21.40
March 2006 11 $391,182 $374,042 95.62% 62.0 114 10.36
April 2006 18 $581,844 $557,944 95.89% 40.0 128 7.11
May 2006 16 $439,906 $423,088 96.18% 112.0 151 9.44
June 2006 18 $455,406 $429,239 94.25% 72.0 172 9.56
July 2006 12 $353,783 $345,283 97.60% 75.0 182 15.17
August 2006 17 $450,788 $431,344 95.69% 84.0 167 9.82
September 2006 19 $434,132 $409,564 94.34% 92.0 161 8.47
October 2006 10 $399,660 $382,290 95.65% 73.0 145 14.50
November 2006 10 $637,070 $567,600 89.10% 62.0 135 13.50
December 2006 18 $437,828 $407,240 93.01% 122.0 109 6.06

Total 163 $455,574 $433,815 95.22% 81.6 139 11.32

January 2007 11 $364,555 $338,636 92.89% 83.0 123 11.18
February 2007 9 $652,733 $516,278 79.09% 126.0 130 14.44
March 2007 13 $436,808 $406,869 93.15% 65.0 141 10.85
April 2007 6 $606,067 $501,000 82.66% 77.0 152 25.33
May 2007 7 $710,843 $633,414 89.11% 93.0 175 25.00
June 2007 14 $675,457 $610,186 90.34% 85.0 170 12.14
July 2007 11 $461,914 $434,636 94.09% 59.0 176 16.00
August 2007 6 $462,148 $430,833 93.22% 72.0 182 30.33
September 2007 3 $423,083 $353,333 83.51% 83.0 165 55.00
October 2007 8 $442,912 $414,375 93.56% 77.0 150 18.75
November 2007 8 $367,688 $335,750 91.31% 140.0 141 17.63
December 2007 9 $385,356 $376,056 97.59% 151.0 124 13.78

Total 105 $499,130 $445,947 89.34% 92.6 152 20.87


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

Total 2005-2008 450 $347,014 $325,079 93.68% 60.5 94 9.50

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 01:42 PM

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