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Market Trends - Homes for Sale - Mays Landing, NJ - November 2015
Market Trends - Homes for Sale - Mays Landing, NJ - November 2015
The Mays Landing Real Estate Market is showing mixed results this November.
Single Family
November saw a 20% increase in new listings coming on the market over November of 2014. 30 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 November is up 7.2% over the same period last year. A total of 400 single family homes have been listed year to date.
The number of sold properties in November where down 26.7%. There were 11 sold single family properties. This brings the current total of sold properties for the year to date period to 192. A 33.3% 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 brought the months supply of inventory to 14.1 months. This denotes an extremely strong Buyers Market but is down from 17.1 months last November.
Average Days on Market are up 55.2% for November to over 5 months. The total days for the year to date period is up 15.2% at 114 days. Days on Market only reflects the properties that have sold and not an average of the total inventory that is currently available. 
Short Sales presently represent ... more

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