Market Conditions - Homes for Sale, Sold, Under Contract for Absecon NJ June 2008 to June 2009
July 12, 2009
|
Absecon |
June 08 |
June 09 |
Units Change |
Percent Change |
|
Sale Median Price |
$275,000 |
$234,950 |
$-40,050 |
-14.6 |
|
Sold Median Price |
$184,500 |
$245,000 |
$60,500 |
32.8 |
|
Sale |
189 |
158 |
-31 |
-16.4 |
|
Under Contract |
10 |
10 |
0 |
0 |
|
Sold |
12 |
11 |
-1 |
-8.3 |
|
Absorption |
15.6 |
13.8 |
-1.8 |
-11.5 |
Statistics
Absecon, NJ
-Sale Median Price June 2008 was $275,000 compared to $234,950, decrease of $40,050
-Sold Median Price June 2008 was $184,500 compared to $245,000, decrease of $60,500
-Unit Sales for June 2008 was 189 compared to 158 in June 2009, an decrease of 31 units
-Units UCT June 2008 was 10 compared to 10 in June 2009
-Units Sold June 2008 was 12 compared to 11 in June 2009, a decrease of 1 units
-Absorption June 2008 was 15.6 compared to 13.8 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
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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.