Manahawkin Housing Market Trends May, 2020

By
Real Estate Agent with Keller Williams Shore Properties 1005238

This is an update on the current Manahawkin Real Estate Market.

Manahawkin Housing Market Summary: Year to Date in Comparison to Last Year: (Note – “year to date” is a direct comparison between the first 4 months of 2020 to 2019)

  •           Median List Price: Up 6.25%
  •           Median Sale Price: 3.77
  •           Median Days on Market: 40 (# of days on market before property sells)
  •           Sold Listings: 175, Up 12.9%
  •           Pending Sold Listings for the Month: Down 52.3%
  •           Active Listings for the Month: Down 43.7%
  •           New Listings for the Month: Down 65.5%

What is Your Manahawkin Home Worth? Get a free, instant valuation

Market Activity: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months

  •           Estimated Home Values: Up 4.8%
  •           Sales Price: Up 11.76%
  •           List Price: Up 14.02%

See Every Home on the Market in Manahawkin

Bottom Line: While median list and sold prices have increased since the new year; active listings - that is homes that are on the market in May, is down by over 43%, a staggering number. We’re in new territory with the current factors that are driving the market and there are two ways to look at this: (1) take a “wait and see” attitude to evaluate when the market returns to normal OR (2) if other sellers are removing or postponing listing their house, your home has a better chance of rising to the top of a buyer's search list and being seen. Keep in mind, most sellers are only planning to delay the process by a couple of months. If you need to sell soon, don't wait for the competition to get back into the market again. 

If you have any questions, please contact me at your convenience.

Karl Hess provides expert real estate services to residential buyers and sellers in Manahawkin and the surrounding communities. Contact us today for more information on Stafford Twp Real Estate and for professional assistance navigating this complex home market.

 

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Tags:
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Rainmaker
3,552,298
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Karl. The current crisis has effected new listings but not pricing. We shall survive. Enjoy your day!

May 15, 2020 05:04 AM #1
Rainmaker
2,721,314
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Manahawkin home buyers and sellers are sure to value your real estate market report, Karl.

May 15, 2020 05:18 AM #2
Rainmaker
147,452
Joseph Doohan
Joseph Doohan - Las Vegas, NV
I offer business strategy advice for realtors

Thank you for taking the time to keep us informed and up to date. Wishing you a great weekend ahead! stay safe!

May 15, 2020 07:01 AM #3
Rainmaker
1,733,678
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA, ABR, SRS

Thank you for keeping us posted and up to date. Have a great weekend!

May 15, 2020 09:48 AM #4
Rainmaker
600,255
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

 

May 19, 2020 11:31 PM #5
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Rainmaker
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Karl Hess

on The Jersey Shore
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