Market Conditions and Statistics for Atlantic City NJ - June 08 to June 09
July 11, 2009
Atlantic City
|
|
June 08 |
June 09 |
Units Change |
Percent Change |
|
Sale |
1,044 |
1,093 |
49 |
4.7% |
|
Under Contract |
21 |
28 |
7 |
33% |
|
Sold |
20 |
18 |
-2 |
-10% |
|
Absorption/months |
46 |
35 |
-11 |
-23% |
Statistics
Atlantic City NJ 08401
-Unit Sales for June 2008 was 1,044 compared to 1,093 in June 2009, an incr. of 49 units
-Units UCT June 2008 was 21 compared to 28 in June 2009, a decrease of 7 units
-Units Sold June 2008 was 20 compared to 18 in June 2009, a decrease of 2 units
-Absorption June 2008 was 46 compared to 35 in June 2009, decrease of 11 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.
See this Brigantine Home Listing
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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.