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Homes for Sale - Absecon, NJ - Market Trends - January 2015
Homes for Sale - Absecon, NJ - Real Estate Market Trends - January 2015
The Absecon Real Estate Market is showing little improvement for January. January saw a 23.1% increase in new listings coming on the market over January 2014. 16 new single family homes where introduced to the market.
The number of single family Homes for Sale in Absecon, NJ during the year to date period is the same nas we are in the first mointh of the new year.
Sold properties in January where down 40% with 3 sold single family properties. This brings the current total of sold properties for the year to date period to 3. A 40% decrease from last January.
Combined, the total number of newly listed Absecon NJ Homes for Sale and total inventory versus the number of properties being sold has allowed the months supply of inventory to increse to 16.1 months. A 64.3% increase from January 2014. This still denotes a strong Buyers Market.
Average Days on Market in May are up 46.3% to just over 3 1/2 months. 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 really soft and are ... more
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