Longport Statistics May 2008 to May 2009
June 15, 2009
Statistics
Longport NJ 08401
-Units for Sales May 2008 was 101 compared to 122 in May 2009, an incr. of 21 units
-Units UCT May 2008 was 3 compared to 5 in May 2009, an increase of 2 units
-Units Sold May 2008 was 4 compared to 7 in May 2009, a decrease of 3 units
-Sale Price May 2008 $2,043,750 compared to $1,675,000, an increase if $368,750
-Absorption May 2008 was 30 compared to 21 in May 2009, a decrease of 9 months
Absorption rate is a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. Above is a one year comparison of the number of months of inventory on hand.
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Let's get together and talk about your >South Jersey experience. If you are a buyer, we can help you find the perfect home or condo for you in the South Jersey Shore Home area. If you are selling a home we can simplify the process for you. We can prepare a Comparative Market Analysis - CMA for your home and let you know what your home actual home value is in this market. Call Peter or Beverly Petridis at the office 609-264-7304, or on our cell phone 609-377-4023. We will set-up a time that is easy and convenient for you to meet.