LONG BRANCH February 2013 REAL ESTATE REPORT
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LONG BRANCH MONTHLY REAL ESTATE REPORT |
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February 1 – February 28, 2013 |
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Total Number of closed sales |
8 |
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Average days on market |
121 |
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Ratio of sale price to list price |
97% |
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Lowest closed price |
$165,000 |
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Highest closed price |
$1,187,500 |
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Median closed price |
$236,000 |
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Distribution of Closed Sales |
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# under $400,000 |
7 |
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# $400,001 – $700,000 |
0 |
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# above $700,000 |
1 |
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Total under contract as of 3 |
36 |
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Total homes available as of 3/8/13 |
116 |
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Median price of available homes |
$300,000 |
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Source: Monmouth/Ocean MLS. Information deemed reliable but not guaranteed. |
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For Prospective Sellers, The Message Is Clear, Put Your Home On The Market NOW!
The 2013 Spring real estate market is upon us earlier than usual and Monmouth County has an incredible lack of inventory. With fewer homes to choose from, buyers are suddenly finding themselves in bidding wars.
Low Interest Rates + Low Inventory = HIGH DEMAND!
If you’re considering a move or have questions about current market conditions, please contact me today!
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