The housing market in Gloucester Twp NJ has seen some significant changes since the same week in 2022. This update will provide a breakdown of the changes in the market, including sold dollar volume, new listings, average active list price, units sold, and average days on market.
2023 vs. 2022: Sold Dollar Volume
In the week of 5/1/2023, the sold dollar volume for Gloucester Twp NJ was $1,031,000. This is a significant decrease from the same week in 2022, which saw a sold dollar volume of $3,658,900. This decrease in sold dollar volume can be attributed to several factors, including a decrease in demand for housing, changes in the local economy, and fluctuations in interest rates.
2023 vs. 2022: New Listings
During the week of 5/1/2023, there were 17 new listings in Gloucester Twp NJ. This is an increase from the same week in 2022, which saw only 14 new listings. This increase in new listings suggests that there may be more inventory available for buyers in the current market.
2023 vs. 2022: Average Active List Price
The average active list price in Gloucester Twp NJ for the week of 5/1/2023 was $332,865. This is a significant increase from the same week in 2022, which saw an average active list price of $261,350. This increase in average active list price can be attributed to several factors, including an increase in demand for housing, changes in the local economy, and fluctuations in interest rates.
2023 vs. 2022: Units Sold
During the week of 5/1/2023, there were 4 units sold in Gloucester Twp NJ. This is a significant decrease from the same week in 2022, which saw 14 units sold. This decrease in units sold can be attributed to several factors, including a decrease in demand for housing, changes in the local economy, and fluctuations in interest rates.
2023 vs. 2022: Average Days on Market
The average days on market in Gloucester Twp NJ for the week of 5/1/2023 was 40. This is an increase from the same week in 2022, which saw an average days on market of 25. This increase in average days on market can be attributed to several factors, including a decrease in demand for housing, changes in the local economy, and fluctuations in interest rates.
Opinion/Conclusion
In conclusion, the housing market in Gloucester Twp NJ has seen significant changes since the same week in 2022. The sold dollar volume has decreased, while the number of new ....... read more about Gloucester Twp NJ
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