Page 1
Monthly Snapshot
23456789
101112131415Total Market Overview
Monthly Indicators
December 2019
- 0.7% - 18.4%One-Year Change in
Closed SalesAll Properties
New Listings
Single Family Market OverviewTownhouse-Condo Market OverviewAdult Community Market Overview
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 1
One-Year Change in Homes for SaleAll Properties
One-Year Change in Median Sales Price
All Properties
+ 16.6%
Pending SalesClosed Sales
In 2019 home prices were up again in most markets. Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months ago, mortgage rates end the year close to three-quarters of a percent lower than a year ago, helping to improve affordability and offset rising home prices.
• Single Family Closed Sales were up 0.2 percent to 578. • Townhouse-Condo Closed Sales were down 1.9 percent to 206. • Adult Communities Closed Sales were down 10.0 percent to 27.
• Single Family Median Sales Price increased 16.3 percent to $378,000. • Townhouse-Condo Median Sales Price increased 2.0 percent to $250,000. • Adult Communities Median Sales Price increased 27.8 percent to $465,000.
With low mortgage rates, low unemployment, and continued wage growth, home buyer activity is expected to remain healthy into the new year. New construction has been on the rise in 2019 and is expected to continue into 2020, but many experts note that the country is still not building enough new units to quench demand. It remains to be seen whether existing homeowners will be enticed to sell by higher home prices, which could finally bring the overall housing market into greater balance.
For residential real estate activity in Hunterdon, Mercer and Somerset Counties. Percent changes are calculated using rounded figures.
Median Sales PriceAverage Sales PricePercent of List Price ReceivedDays on Market Until SaleHousing Affordability IndexInventory of Homes for SaleMonths Supply of Inventory
Page 2
Single Family Market Overview
Key Metrics Historical Sparklines 12-2018 12-2019 Percent Change YTD 2018 YTD 2019 Percent Change
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 2
--
Months Supply 4.4 3.3 - 25.0% -- -- --
Homes for Sale 2,690 2,100 - 21.9% -- --
+ 3.2%
Affordability Index 141 121 - 14.2% 127 122 - 3.9%
Days on Market 73 71 - 2.7% 63 65
+ 3.9%
Pct. of List Price Received 96.6% 97.2% + 0.6% 97.5% 97.5% 0.0%
Avg. Sales Price $393,939 $446,376 + 13.3% $433,192 $450,231
- 0.3%
Median Sales Price $325,000 $378,000 + 16.3% $362,000 $375,000 + 3.6%
Closed Sales 577 578 + 0.2% 7,496 7,475
11,406 - 4.3%
Pending Sales 388 387 - 0.3% 7,375 7,602 + 3.1%
11,918
Key metrics for Single Family Properties Only, excluding Manufactured Housing, for the report month and for year-to-date (YTD) starting from the first of the year.
New Listings 439 383 - 12.8%
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
Page 3
Townhouse-Condo Market Overview
Key Metrics Historical Sparklines 12-2018 12-2019 Percent Change YTD 2018 YTD 2019 Percent Change
Key metrics for Townhouses and Condominiums Only for the report month and for year-to-date (YTD) starting from the first of the year.
3,532 - 0.2%
Pending Sales 138 135 - 2.2% 2,642 2,689 + 1.8%
3,540New Listings 123 129 + 4.9%
Closed Sales 210 206 - 1.9% 2,695 2,641 - 2.0%
+ 3.1%
$269,080 + 3.0%
Median Sales Price $245,070 $250,000 + 2.0% $242,500 $250,000
Avg. Sales Price $248,550 $278,216 + 11.9% $261,202
+ 0.4%
Days on Market 58 51 - 12.1% 49 50 + 2.0%
Pct. of List Price Received 97.3% 97.4% + 0.1% 97.4% 97.8%
- 3.2%
Homes for Sale 593 518 - 12.6% -- -- --
Affordability Index 187 183 - 2.1% 189 183
--Months Supply 2.7 2.3 - 14.8% -- --
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 3
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
Page 4
Adult Community Market Overview
Key Metrics Historical Sparklines 12-2018 12-2019 Percent Change YTD 2018 YTD 2019 Percent Change
Key metrics for properties in Adult Communities Only for the report month and for year-to-date (YTD) starting from the first of the year.
New Listings 13 22 + 69.2% 541 + 20.0%
Pending Sales 16 10 - 37.5% 357 366 + 2.5%
451
Closed Sales 30 27 - 10.0% 372 374 + 0.5%
+ 5.9%
$380,629 - 4.2%
Median Sales Price $363,750 $465,000 + 27.8% $355,500 $376,500
Avg. Sales Price $380,733 $423,492 + 11.2% $397,419
0.0%
Days on Market 66 69 + 4.5% 59 60 + 1.7%
Pct. of List Price Received 98.3% 98.6% + 0.3% 98.3% 98.3%
- 5.4%
Homes for Sale 88 126 + 43.2% -- -- --
Affordability Index 126 99 - 21.4% 129 122
--Months Supply 3.0 4.1 + 36.7% -- --
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 4
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
Page 5
New Listings
Historical New Listings by Month Single Family Townhouse-Condo Adult Communities
January 2019 776 305 44
February 2019 932 307 46
March 2019 1,255 344 49
April 2019 1,443 398 58
May 2019 1,393 339 55
June 2019 1,059 331 60
July 2019 978 318 41
August 2019 795 284 43
September 2019 948 302 51
October 2019 877 297 46
November 2019 567 178 26
December 2019 383 129 22
12-Month Avg. 951 294 45 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
A count of the properties that have been newly listed on the market in a given month.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 5
401
154
26
439
123
13
383
129
22
Single Family Townhouse-Condo Adult Communities
December
0
250
500
750
1,000
1,250
1,500
1,750
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
11,843
3,459
446
11,918
3,540
451
11,406
3,532
541
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
+ 4.9%- 20.1%- 12.8%+ 9.5% + 2.3%- 4.3%+ 0.6% - 0.2%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 11.3% - 0.5% - 2.5%- 4.3% + 69.2%- 50.0%2017 2018 2019
+ 30.0% + 20.0%+ 1.1%2017 2018 2019
- 8.2%
Page 6
Pending Sales
Historical Pending Sales by Month Single Family Townhouse-Condo Adult Communities
January 2019 478 182 23
February 2019 523 211 28
March 2019 760 258 26
April 2019 803 269 38
May 2019 844 301 50
June 2019 746 235 32
July 2019 683 235 32
August 2019 739 252 33
September 2019 547 196 38
October 2019 566 218 27
November 2019 526 197 29
December 2019 387 135 10
12-Month Avg. 634 224 31 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 6
A count of the properties on which offers have been accepted in a given month.
419
171
24
388
138
16
387
135
10
Single Family Townhouse-Condo Adult Communities
December
0
200
400
600
800
1,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
7,658
2,692
366
7,375
2,642
357
7,602
2,689
366
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 2.2%- 19.3%- 0.3%- 7.4% - 1.9%+ 3.1%- 3.7% + 1.8%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 5.0% + 6.0% + 3.6%+ 19.6% - 37.5%- 33.3%2017 2018 2019
- 4.0% + 2.5%- 2.5%2017 2018 2019
+ 3.4%
Page 7
Closed Sales
Historical Closed Sales by Month Single Family Townhouse-Condo Adult Communities
January 2019 437 161 21
February 2019 385 144 22
March 2019 514 196 18
April 2019 550 214 30
May 2019 720 266 39
June 2019 808 281 47
July 2019 841 276 33
August 2019 843 262 37
September 2019 623 209 31
October 2019 631 226 34
November 2019 545 200 35
December 2019 578 206 27
12-Month Avg. 623 220 31 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 7
A count of the actual sales that closed in a given month.
609
215
29
577
210
30
578
206
27
Single Family Townhouse-Condo Adult Communities
December
0
200
400
600
800
1,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
7,701
2,677
358
7,496
2,695
372
7,475
2,641
374
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 1.9%- 2.3%+ 0.2%- 5.3% + 0.7%- 0.3%- 2.7% - 2.0%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 3.6% + 7.4% + 3.2%- 2.7% - 10.0%+ 3.4%2017 2018 2019
+ 20.8% + 0.5%+ 3.9%2017 2018 2019
+ 5.0%
Page 8
Median Sales Price
Historical Median Sales Price by Month Single Family Townhouse-Condo Adult Communities
January 2019 $335,000 $249,900 $369,250
February 2019 $330,000 $225,000 $412,500
March 2019 $325,000 $229,500 $436,000
April 2019 $340,000 $236,250 $368,750
May 2019 $370,000 $257,250 $340,000
June 2019 $415,450 $249,000 $390,001
July 2019 $418,500 $270,000 $369,900
August 2019 $425,000 $249,950 $355,000
September 2019 $365,000 $250,000 $345,000
October 2019 $375,000 $261,250 $419,491
November 2019 $380,000 $240,500 $395,000
December 2019 $378,000 $250,000 $465,000
12-Month Med.* $375,000 $250,000 $376,500 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 8
* Median Sales Price for all properties from January 2019 through December 2019. This is not the average of the individual figures above.
$345,000
$234,500
$340,000$325,000
$245,070
$363,750$378,000
$250,000
$465,000
Single Family Townhouse-Condo Adult Communities
December
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
$365,000
$240,000
$349,700$362,000
$242,500
$355,500$375,000
$250,000
$376,500
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
+ 2.0%+ 4.5%+ 16.3%- 5.8% + 1.0%+ 3.6%- 0.8% + 3.1%
2017 2018 2019 2017 2018 2019 2017 2018 2019
0.0% - 0.7% + 2.1%- 0.2% + 27.8%+ 7.0%2017 2018 2019
+ 1.5% + 5.9%+ 1.7%2017 2018 2019
+ 1.4%
Page 9
Average Sales Price
Historical Average Sales Price by Month Single Family Townhouse-Condo Adult Communities
January 2019 $386,506 $264,590 $399,802
February 2019 $406,850 $239,146 $404,985
March 2019 $385,244 $248,625 $394,676
April 2019 $418,712 $262,850 $370,545
May 2019 $446,421 $277,138 $332,246
June 2019 $478,917 $284,783 $363,340
July 2019 $490,602 $292,492 $366,424
August 2019 $503,095 $263,180 $363,053
September 2019 $436,006 $252,661 $345,810
October 2019 $448,269 $277,075 $426,632
November 2019 $465,903 $261,956 $417,425
December 2019 $446,376 $278,216 $423,492
12-Month Avg.* $450,231 $269,080 $380,629 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 9
* Avg. Sales Price for all properties from January 2019 through December 2019. This is not the average of the individual figures above.
$438,644
$258,758
$355,989
$393,939
$248,550
$380,733
$446,376
$278,216
$423,492
Single Family Townhouse-Condo Adult Communities
December
$200,000
$300,000
$400,000
$500,000
$600,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
$435,696
$259,707
$357,919
$433,192
$261,202
$397,419
$450,231
$269,080
$380,629
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
+ 11.9%- 3.9%+ 13.3%- 10.2% + 0.6%+ 3.9%- 0.6% + 3.0%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 2.8% - 2.2% + 1.7%+ 1.0% + 11.2%+ 7.0%2017 2018 2019
- 17.1% - 4.2%+ 11.0%2017 2018 2019
- 2.7%
Page 10
Percent of List Price Received
Historical Percent of List Price Received by Month Single Family Townhouse-Condo Adult Communities
January 2019 96.7% 97.8% 98.3%
February 2019 96.3% 97.3% 97.8%
March 2019 97.1% 97.4% 98.2%
April 2019 97.5% 97.8% 98.5%
May 2019 97.9% 98.1% 97.8%
June 2019 98.1% 97.6% 98.6%
July 2019 97.9% 98.8% 98.6%
August 2019 97.8% 97.8% 98.0%
September 2019 97.7% 97.5% 98.0%
October 2019 97.3% 98.0% 99.3%
November 2019 97.2% 97.8% 97.8%
December 2019 97.2% 97.4% 98.6%
12-Month Avg.* 97.5% 97.8% 98.3% Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 10
* Pct. of List Price Received for all properties from January 2019 through December 2019. This is not the average of the individual figures above.
97.0% 96.7%97.9%
96.6%97.3%
98.3%97.2% 97.4%
98.6%
Single Family Townhouse-Condo Adult Communities
December
92.0%
94.0%
96.0%
98.0%
100.0%
102.0%
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
97.3% 97.4% 97.7%97.5% 97.4%98.3%
97.5% 97.8%98.3%
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
+ 0.1%+ 0.6%+ 0.6%- 0.4% 0.0%0.0%+ 0.2% + 0.4%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 0.2% + 0.7% + 0.6%+ 0.1% + 0.3%+ 0.4%2017 2018 2019
+ 0.2% 0.0%+ 0.6%2017 2018 2019
- 0.1%
Page 11
Days on Market Until Sale
Historical Days on Market Until Sale by Month Single Family Townhouse-Condo Adult Communities
January 2019 67 61 61
February 2019 83 67 67
March 2019 82 52 83
April 2019 62 62 49
May 2019 61 43 63
June 2019 56 44 48
July 2019 55 45 46
August 2019 58 45 52
September 2019 61 51 59
October 2019 75 52 68
November 2019 71 45 75
December 2019 71 51 69
12-Month Avg.* 65 50 60 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Average number of days between when a property is listed and when an offer is accepted in a given month.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 11
* Days on Market for all properties from January 2019 through December 2019. This is not the average of the individual figures above.
74
54 55
73
58
6671
51
69
Single Family Townhouse-Condo Adult Communities
December
25
50
75
100
125
150
175
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
69
54
6663
49
5965
50
60
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 12.1%+ 7.4%- 2.7%- 1.4% - 9.3%+ 3.2%- 8.7% + 2.0%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 6.3% - 10.4% - 11.5%- 10.0% + 4.5%+ 20.0%2017 2018 2019
- 16.7% + 1.7%- 10.6%2017 2018 2019
- 2.9%
Page 12
Housing Affordability Index
Historical Housing Affordability Index by Month Single Family Townhouse-Condo Adult Communities
January 2019 137 183 124
February 2019 139 204 111
March 2019 141 200 105
April 2019 135 194 124
May 2019 124 178 135
June 2019 110 184 118
July 2019 110 170 124
August 2019 108 183 129
September 2019 126 183 133
October 2019 122 175 109
November 2019 121 191 116
December 2019 121 183 99
12-Month Avg.* 125 186 119 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 12
This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
* Affordability Index for all properties from January 2019 through December 2019. This is not the average of the individual figures above.
139
204
141141
187
126121
183
99
Single Family Townhouse-Condo Adult Communities
December
75
100
125
150
175
200
225
250
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
131
200
137127
189
129122
183
122
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 2.1%- 8.3%- 14.2%+ 1.4% - 5.5%- 3.9%- 3.1% - 3.2%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 5.3% + 5.6% + 3.6%+ 5.7% - 21.4%- 10.6%2017 2018 2019
+ 3.7% - 5.4%- 5.8%2017 2018 2019
+ 3.8%
Page 13
Inventory of Homes for Sale
Historical Inventory of Homes for Sale by Month Single Family Townhouse-Condo Adult Communities
January 2019 2,641 634 103
February 2019 2,812 675 120
March 2019 3,049 707 132
April 2019 3,401 763 144
May 2019 3,646 721 138
June 2019 3,647 749 160
July 2019 3,588 776 154
August 2019 3,269 742 144
September 2019 3,243 767 145
October 2019 3,060 709 148
November 2019 2,633 624 134
December 2019 2,100 518 126
12-Month Avg. 3,091 699 137 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
The number of properties available for sale in active status at the end of a given month.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 13
2,580
579
90
2,690
593
88
2,100
518126
Single Family Townhouse-Condo Adult Communities
December
0
1,000
2,000
3,000
4,000
5,000
6,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
2017 2018 2019- 12.6%+ 2.4%- 21.9%+ 4.3%
2017 2018 2019- 15.1% - 14.7% + 43.2%- 2.2%
2017 2018 2019- 25.6%
Page 14
Months Supply of Inventory
Historical Months Supply of Inventory by Month Single Family Townhouse-Condo Adult Communities
January 2019 4.3 2.8 3.4
February 2019 4.6 3.0 4.0
March 2019 4.9 3.2 4.4
April 2019 5.5 3.4 4.8
May 2019 5.9 3.2 4.4
June 2019 5.9 3.3 5.1
July 2019 5.8 3.5 5.0
August 2019 5.2 3.3 4.6
September 2019 5.1 3.4 4.6
October 2019 4.9 3.2 4.8
November 2019 4.2 2.8 4.3
December 2019 3.3 2.3 4.1
12-Month Avg.* 4.9 3.1 4.5 Note: If no activity occurred during a month, no data point is shown and the line extends to the next available data point.
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 14
* Months Supply for all properties from January 2019 through December 2019. This is not the average of the individual figures above.
4.0
2.63.0
4.4
2.7 3.03.3
2.3
4.1
Single Family Townhouse-Condo Adult Communities
December
0
5
10
15
20
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Single Family Townhouse-Condo Adult Communities
2017 2018 2019- 14.8%+ 3.8%- 25.0%+ 10.0%
2017 2018 2019- 20.0% - 16.1% + 36.7%0.0%
2017 2018 2019- 26.8%
Page 15
Total Market Overview
Key Metrics Historical Sparklines 12-2018 12-2019 Percent Change YTD 2018 YTD 2019 Percent Change
--Months Supply 3.9 3.1 - 20.5% -- --
Data as of January 20, 2020. All data from Bright MLS and Garden State MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2020 ShowingTime. | 15
- 4.1%
Homes for Sale 3,378 2,757 - 18.4% -- -- --
Affordability Index 160 137 - 14.4% 145 139
+ 0.1%
Days on Market 69 66 - 4.3% 59 61 + 3.4%
Pct. of List Price Received 96.8% 97.3% + 0.5% 97.5% 97.6%
$401,675 + 3.5%
Median Sales Price $286,500 $334,000 + 16.6% $316,000 $330,000
Avg. Sales Price $355,579 $402,389 + 13.2% $387,979
10,513 - 0.5%
+ 4.4%
Closed Sales 818 812 - 0.7% 10,565
15,525 - 2.5%
Pending Sales 543 536 - 1.3% 10,376 10,683 + 3.0%
15,919
Key metrics for single-family properties, townhouses, condominiums and properties in adult communities combined, for the report month and for year-to-date (YTD) starting from the first of the year.
New Listings 578 534 - 7.6%
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
12-2016 12-2017 12-2018 12-2019
