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Market Trends - Homes for Sale - Mays Landing, NJ - March 2015
Market Trends - Homes for Sale - Mays Landing, NJ - March 2015
The Mays Landing Real Estate Market is showing mixed results this March.
Single Family
March saw a 27.4% increase in new listings coming on the market over March of 2014. 46 new single family homes where introduced to the market.
The number of Mays Landing single family homes for sale for the year to date period ending March is up 4% over the same period last year. A total of 104 single family homes have been listed year to date.
The number of sold properties, in March, where up 14.3%. There were 16 sold single family properties. This brings the current total of sold properties for the year to date period to 39. A 39.3% increase from the 2014 year to date period.
Combined, the total number of newly listed Mays Landing NJ Homes for Sale and total inventory versus the number of properties being sold has pushed the months supply of inventory to 13.7 months. This denotes an extremely strong Buyers Market and is up from 12.6 months last March.
Average Days on Market is up 38.9% for March to over 5 months. The total for the year to date period is up 36.4% at 135 days. Days on Market only reflects the properties that have sold and not an average of the total inventory ... more

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