Gloucester Twp NJ Homes For Sale | October 2022 Quick Market Stats

By
Real Estate Agent with Dave Sulvetta, eXp Connection, Gloucester County Realtor 0683062

Gloucester Twp NJ October 2022 Market Report

In Gloucester Township NJ the median
sold price for Attached properties for October was $245,000,
representing an increase of 9.6% compared to last month and an
increase of 25.7% from Oct 2021. The average days on market for
units sold in October was 14 days, 34% below the 5-year October
average of 21 days. There was a 22.2% month over month increase
in new contract activity with 11 New Pendings; a 7.1% MoM increase
in All Pendings (new contracts + contracts carried over from
September) to 15; and a 33.3% decrease in supply to 8 active units.
This activity resulted in a Contract Ratio of 1.88 pendings per active
listing, up from 1.17 in September and a decrease from 2.00 in
October 2021. The Contract Ratio is 49% higher than the 5-year
October average of 1.26. A higher Contract Ratio signifies a relative
increase in contract activity compared to supply, and indicates the
market is moving in the seller's favor. A lower Contract Ratio signifies
a relative decrease in contract activity compared to supply, and
indicates the market is moving in the buyer's favor

Search ALL Gloucester Twp NJ Homes For Sale

Comments (2)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information, thanks for sharing.  I hope you have a great day.

Nov 15, 2022 02:47 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Bill

Nov 15, 2022 12:21 PM