Sales and Inventory History for the month of May, 2008, Single Family Homes in Toms River:
As we can see, the Toms River Market appears to be stabilizing; signaling the formation of a "bottom" and positioning itself for the eventual and inevitable "recovery" cycle. Prices may continue to decline in the next few months as the "pending" inventory closes but...BUYERS RISK A HIGHER MONTHLY PAYMENT for the same home by waiting on the fence because when the "recovery" starts, interest rates rise and even an increase of half a percent may result in some buyers waiting themseves right out of a home!
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory |
| January | 2007 | 62 | $432,723 | $404,088 | 93.38% | 88.0 | 688 | 11.10 |
| February | 2007 | 52 | $411,500 | $389,525 | 94.66% | 105.0 | 714 | 13.73 |
| March | 2007 | 81 | $460,791 | $426,744 | 92.61% | 102.0 | 729 | 9.00 |
| April | 2007 | 80 | $428,563 | $404,167 | 94.31% | 118.0 | 753 | 9.41 |
| May | 2007 | 90 | $449,094 | $430,309 | 95.82% | 86.0 | 846 | 9.40 |
| June | 2007 | 88 | $445,644 | $425,660 | 95.52% | 80.0 | 872 | 9.91 |
| July | 2007 | 81 | $402,287 | $383,148 | 95.24% | 76.0 | 879 | 10.85 |
| August | 2007 | 90 | $403,178 | $381,372 | 94.59% | 100.0 | 865 | 9.61 |
| September | 2007 | 58 | $398,898 | $374,859 | 93.97% | 86.0 | 861 | 14.84 |
| October | 2007 | 66 | $408,591 | $392,563 | 96.08% | 97.0 | 845 | 12.80 |
| November | 2007 | 77 | $466,345 | $435,895 | 93.47% | 96.0 | 789 | 10.25 |
| December | 2007 | 57 | $434,232 | $405,609 | 93.41% | 92.0 | 742 | 13.02 |
| Total | 882 | $428,487 | $404,495 | 94.40% | 93.8 | 799 | 11.16 | |
| January | 2008 | 45 | $333,396 | $316,134 | 94.82% | 101.0 | 715 | 15.89 |
| February | 2008 | 48 | $401,981 | $382,167 | 95.07% | 99.0 | 728 | 15.17 |
| March | 2008 | 58 | $402,336 | $378,614 | 94.10% | 99.0 | 773 | 13.33 |
| April | 2008 | 64 | $410,389 | $388,173 | 94.59% | 101.0 | 850 | 13.28 |
| May | 2008 | 63 | $451,179 | $420,043 | 93.10% | 84.0 | 849 | 13.48 |
| Total | 278 | $399,856 | $377,026 | 94.29% | 96.8 | 783 | 14.23 | |
| Note: | The "Current Inventory" column reflects the number of active listings on the market on the 16th 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. |
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