New Jersey Real Estate Market Statistics for Monmouth & Ocean County скачать в хорошем качестве

New Jersey Real Estate Market Statistics for Monmouth & Ocean County

📊 Monmouth & Ocean County Real Estate Market Update The latest market data for Monmouth and Ocean County shows a noticeable cooling compared to the hyper-competitive conditions of the past few years. Average days on market have climbed to 45 days, up nearly 10% year-over-year, signaling that homes are taking longer to sell. Months of inventory has also increased approximately 25% year-over-year, giving buyers more leverage than they’ve had in quite some time. While this does not indicate a full buyer’s market, it does reflect a shift toward more balanced conditions. The sale-to-list price ratio has dipped below 100% (around 99.3%), meaning sellers are now more frequently accepting offers under asking price. Price trends are mixed. The sold median sale price declined about 3% year-over-year, and the sold average listing price fell roughly 4% year-over-year. Much of this softness appears concentrated in adult (55+) communities, particularly in Ocean County, which has weighed on overall statistics. Meanwhile, pending average listing prices remain elevated around the mid-$600,000 range, suggesting higher-end buyers are still active. This highlights what the hosts describe as a “tale of two markets,” where well-priced and luxury homes continue to move, while certain segments experience slower absorption. Inventory dynamics further explain the shift. Active listings are up roughly 14% year-over-year, meaning more homes are sitting on the market. New listings are slightly down year-over-year but surged month-over-month due to seasonal trends. Pending listings are modestly lower year-over-year, and sold listings declined about 8% year-over-year — a caution flag rather than a red alert. Overall, the market is not collapsing, but it has clearly cooled compared to last year. The coming spring months will be critical in determining whether this is a temporary sideways adjustment or the beginning of a longer-term trend. 🔑 10 Key Points 1. Average days on market increased ~10% year-over-year to 45 days. 2. Months of inventory rose ~25% year-over-year to around 3 months. 3. Sale-to-list price ratio dropped below 100% (≈99.3%). 4. Sold median sale price declined ~3% year-over-year. 5. Sold average listing price decreased ~4% year-over-year. 6. Active listings increased ~14% year-over-year. 7. New listings decreased ~2% year-over-year but rose seasonally month-over-month. 8. Pending listings declined ~3% year-over-year. 9. Sold listings fell ~8% year-over-year. 10. Adult/55+ communities in Ocean County are contributing significantly to the slowdown. #NewJerseyRealEstate #MonmouthCountyHomes #OceanCountyNJ #HousingMarketUpdate