Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Homes for Sale Atlantic City, NJ - Market Trends October 2014
Homes for Sale Atlantic City, NJ - Real Estate Market Trends October 2014
The Atlantic City Real Estate Market is showing no improvement for October. October saw a 23.7% decrease in new listings coming on the market over October of 2013. 29 new single family homes where introduced to the market.
The number of newly listed Atlantic City single family homes for sale in the year to date period ending October is up 19.2% over 2013.
Sold properties in October where down 50% with only 5 sold single family properties. This brings the current total of sold properties for the 12 month period to 99. This is a 30.3% improvement over the same period in 2013.
Combined, the total number of new listings of Atlantic City NJ Homes for Sale and total inventory versus the number of properties being sold has allowed the months supply of inventory to increase to 28.5 months. This denotes an extremely strong Buyers Market.
Average Days on Market where effectively the same as last October and the Days on Market for the year to date period have increased to 158. Days on Market only reflects the properties that have sold and not an average of the total inventory that is currently available. More sellers realize that the market is ... more
Are you on The Rain? Grow Your Network!