September 2009 – Monthly Market Comparison Monmouth County New Jersey
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September 2009 – Monthly Market Comparison |
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SINGLE FAMILY |
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Categories |
Sep-08 |
Sep-09 |
Percent Change |
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Monthly Sales |
635 |
740 |
16.54% |
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Monthly Dollar Volume |
$283,005,638 |
$319,079,880 |
12.75% |
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Average List Price |
$472,993 |
$463,761 |
-1.95% |
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Average Sales Price |
$445,678 |
$431,189 |
-3.25% |
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Median Sold Price |
$350,000 |
$330,000 |
-5.71% |
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Average Days on Market |
99 |
104 |
5.05% |
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Current Inventory |
8700 |
8631 |
-0.79% |
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Months Inventory |
13.7 |
11.66 |
-14.89% |
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CONDOMINIUMS |
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Categories |
Sep-08 |
Sep-09 |
Percent Change |
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Monthly Sales |
181 |
163 |
-9.94% |
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Monthly Dollar Volume |
$50,981,133 |
$48,797,676 |
-4.28% |
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Average List Price |
$299,346 |
$320,368 |
7.02% |
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Average Sales Price |
$281,663 |
$299,372 |
6.29% |
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Median Sold Price |
$255,000 |
$250,000 |
-1.96% |
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Average Days on Market |
87 |
92 |
5.75% |
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Current Inventory |
1763 |
1840 |
4.37% |
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Months Inventory |
9.74 |
11.28 |
15.81% |
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ADULT COMMUMITY |
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Categories |
Sep-08 |
Sep-09 |
Percent Change |
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Monthly Sales |
232 |
254 |
9.48% |
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Monthly Dollar Volume |
$37,239,791 |
$38,955,613 |
4.61% |
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Average List Price |
$170,885 |
$163,919 |
-4.08% |
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Average Sales Price |
$160,516 |
$153,368 |
-4.45% |
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Median Sold Price |
$130,000 |
$126,750 |
-2.50% |
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Average Days on Market |
109 |
119 |
9.17% |
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Current Inventory |
2294 |
2465 |
7.45% |
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Months Inventory |
9.88 |
9.7 |
-1.82% |
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Note: The "Current Inventory" column(s) reflect the number of active(on market) listings on the 16th day of each month. |
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The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". |
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This reflects how many months it would take to sell out of inventory at the current month's rate of sale. |
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Total Months Inventory = Total Current Inventory / (Total Monthly Sales/12 Months) |
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