Market Conditions - Galloway Homes sold, for sale, under contract June 2008 to June 2009
July 12, 2009
|
Galloway |
June 08 |
June 09 |
Units Change |
Percent Change |
|
Sale Median Price |
$263,381 |
$235,000 |
$-23,381 |
-10.8 |
|
Sold Median Price |
$248,000 |
$205,750 |
$42,250 |
-17 |
|
Sale |
628 |
580 |
-48 |
-7.6 |
|
Under Contract |
48 |
39 |
-9 |
-18.8 |
|
Sold |
52 |
34 |
-18 |
-34.6 |
|
Absorption |
11.2 |
12.9 |
1.7 |
15.3 |
Statistics
Galloway, NJ
-Sale Median Price June 2008 was $263,381 compared to $235,000, decrease of $23,381
-Sold Median Price June 2008 was $248,000 compared to $205,750, decrease of $42,250
-Unit Sales for June 2008 was 628 compared to 580 in June 2009, an decrease of 48 units
-Units UCT June 2008 was 48 compared to 39 in June 2009
-Units Sold June 2008 was 52 compared to 34 in June 2009, a decrease of 18 units
-Absorption June 2008 was 11.2 compared to 12.9 in June 2009, a decrease of 2 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
To search for a property for sale in the area click here: Search Local MLS Listings
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.