Market Conditions and Statistics for Brigantine NJ June 2008 to June 2009

July 11, 2009

Brigantine

 

June 08

June  09

Units Change

Percent Change

Sale

722

768

46

6.4%

Under Contract

25

14

-11

-44%

Sold

23

23

0

0

Absorption

26

49

23

89.9%

 

 

Market Conditions and Statistics

Brigantine, NJ 08203

 

-Unit Sales for June 2008 was 722 compared to 768 in June 2009, an increase of 46 units

-Units UCT June 2008 was 25 compared to 14 in June 2009, a decrease of 11 units

-Units Sold June 2008 was 23 compared to 23 in June 2009, no change

-Absorption June 2008 was 26 compared to 49 in June 2009, increase of 23 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.

Coldwell Banker At The Shore

Office Phone: 609-266-9500 Ext 117

3100 Atlantic-Brigantine Blvd., Brigantine , NJ 08203

Cell: 609-377-4023    E-mail: petridis@comcast.net