Margate Statistics May 2008 comparison to May 2009
June 15, 2009
Statistics
Margate NJ 08401
-Units for Sale May 2008 was 436 compared to 490 in May 2009, an incr. of 54 units
-Units UCT May 2008 was 26 compared to 24 in May 2009, a decrease of 2 units
-Units Sold May 2008 was 26 compared to 21 in May 2009, a decrease of 5 units
-Sale Price May 2008 $488,900 compared to $555,000, an increase if $66,100
-Absorption May 2008 was 14 compared to 18 in May 2009, a decrease of 4 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.