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Homes for Sale - Somers Point, NJ - Real Estate Trends - November 2014
Homes for Sale - Somers Point, NJ - Real Estate Trends - November 2014
Single Family
The Real Estate Market of Homes for Sale in Somers Point, NJ is showing no improvement in November. November saw a 30.8% increase in new listings coming on the market over November of 2013. 17 new single family homes where introduced to the market.
The number of newly listed single family Homes for Sale in Somers Point, NJ for the year to date period ending November is up a slight 33.3% over the year to date period.
Sold properties in November where down 25% over last November with 9 sold single family properties. This brings the current total of sold properties for the year to date period to 73. A 2.8% increase over the previous year to date period.
Combined, the total number of newly listed Somers Point, NJ Homes for Sale and total inventory versus the number of properties being sold has pushed the months supply of inventory to 15.9 months. A 19.5% increase from the year to date period in 2013. This denotes an strong Buyers Market, and is a significant increase from 13.3 months last year.

Average Days on Market in November are up 15.6% to 3 months. Due to the low number of sales the month to month days on market is not very ... more

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