Embed Size (px)
Citation preview
Monthly Snapshot
23456789
101112131415
Data as of October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime.
For residential real estate activity in Bergen, Essex, Hudson and Passaic 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
New Listings
Single Family Market OverviewTownhouse-Condo Market OverviewAdult Community Market Overview
Total Market Overview
Monthly Indicators
September 2018
- 20.0% + 5.4%Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.
• Single Family Closed Sales were down 2.4 percent to 82. • Townhouse-Condo Closed Sales were down 23.0 percent to 244. • There were no Adult Communities Closed Sales during the current period.
• Single Family Median Sales Price increased 2.8 percent to $387,500. • Townhouse-Condo Median Sales Price decreased 1.6 percent to $457,500. • There was no Adult Communities Median Sales Price for either the current or year-ago period.
Tracking reputable news sources for housing market predictions makes good sense, as does observing trends based on meaningful statistics. By the numbers, we continue to see pockets of unprecedented price heights combined with low days on market and an economic backdrop conducive to consistent demand. We were reminded by Hurricane Florence of how quickly a situation can change. Rather than dwelling on predictions of a somber future, it is worth the effort to manage the fundamentals that will lead to an ongoing display of healthy balance.
One-Year Change in Closed SalesAll Properties
One-Year Change in Homes for SaleAll Properties
One-Year Change in Median Sales Price
All Properties
+ 0.3%
Pending SalesClosed Sales
Single Family Market Overview
Key Metrics Historical Sparklines 9-2017 9-2018 Percent Change YTD 2017 YTD 2018 Percent Change
Data as of October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 2
--
Months Supply 6.4 4.9 - 23.4% -- -- --
Homes for Sale 544 449 - 17.5% -- --
- 7.3%
Affordability Index 113 103 - 8.8% 122 105 - 13.9%
Days on Market 42 54 + 28.6% 55 51
+ 10.6%
Pct. of List Price Received 100.2% 98.5% - 1.7% 98.6% 99.0% + 0.4%
Avg. Sales Price $470,985 $539,284 + 14.5% $448,945 $496,591
+ 4.7%
Median Sales Price $377,000 $387,500 + 2.8% $350,000 $380,000 + 8.6%
Closed Sales 84 82 - 2.4% 750 785
1,561 + 3.9%
Pending Sales 98 84 - 14.3% 782 860 + 10.0%
1,502
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 150 151 + 0.7%
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
Townhouse-Condo Market Overview
Key Metrics Historical Sparklines 9-2017 9-2018 Percent Change YTD 2017 YTD 2018 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.
5,073 + 18.1%
Pending Sales 239 244 + 2.1% 2,605 2,550 - 2.1%
4,297New Listings 499 674 + 35.1%
Closed Sales 317 244 - 23.0% 2,515 2,388 - 5.0%
+ 6.1%
$579,373 + 6.6%
Median Sales Price $465,000 $457,500 - 1.6% $462,000 $490,000
Avg. Sales Price $515,913 $551,009 + 6.8% $543,435
- 0.6%
Days on Market 45 42 - 6.7% 45 44 - 2.2%
Pct. of List Price Received 98.8% 98.0% - 0.8% 99.2% 98.6%
- 12.0%
Homes for Sale 1,294 1,580 + 22.1% -- -- --
Affordability Index 92 87 - 5.4% 92 81
--Months Supply 4.7 5.9 + 25.5% -- --
Data as of October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 3
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
Adult Community Market Overview
Key Metrics Historical Sparklines 9-2017 9-2018 Percent Change YTD 2017 YTD 2018 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 0 0 -- 0 --
Pending Sales 0 0 -- 0 0 --
0
Closed Sales 0 0 -- 0 0 --
--
$0 --
Median Sales Price $0 $0 -- $0 $0
Avg. Sales Price $0 $0 -- $0
--
Days on Market 0 0 -- 0 0 --
Pct. of List Price Received 0.0% 0.0% -- 0.0% 0.0%
--
Homes for Sale 0 0 -- -- -- --
Affordability Index 0 0 -- 0 0
--Months Supply 0.0 0.0 -- -- --
Data as of October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 4
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
New Listings
Historical New Listings by Month Single Family Townhouse-Condo Adult Communities
October 2017 170 457 0
November 2017 109 368 0
December 2017 94 222 0
January 2018 148 450 0
February 2018 146 456 0
March 2018 179 590 0
April 2018 204 619 0
May 2018 203 674 0
June 2018 210 617 0
July 2018 168 540 0
August 2018 147 445 0
September 2018 151 674 0
12-Month Avg. 161 510 0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 5
170
423
0
150
499
0
151
674
0
Single Family Townhouse-Condo Adult Communities
September
0
100
200
300
400
500
600
700
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
1,325
4,064
0
1,502
4,297
0
1,561
5,073
0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
+ 35.1%+ 18.0%+ 0.7%- 11.8% + 5.7%+ 3.9%+ 13.4% + 18.1%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 4.3% + 4.3% - 0.3%- 0.5% ----2016 2017 2018
-- ----2016 2017 2018
--
Pending Sales
Historical Pending Sales by Month Single Family Townhouse-Condo Adult Communities
October 2017 84 261 0
November 2017 88 228 0
December 2017 65 201 0
January 2018 70 249 0
February 2018 76 256 0
March 2018 104 306 0
April 2018 110 314 0
May 2018 103 327 0
June 2018 114 309 0
July 2018 102 296 0
August 2018 118 274 0
September 2018 84 244 0
12-Month Avg. 91 270 0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 6
A count of the properties on which offers have been accepted in a given month.
80
264
0
98
239
0
84
244
0
Single Family Townhouse-Condo Adult Communities
September
0
100
200
300
400
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
686
2,543
0
782
2,605
0
860
2,550
0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
+ 2.1%- 9.5%- 14.3%+ 22.5% + 2.4%+ 10.0%+ 14.0% - 2.1%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 17.6% + 5.1% + 0.7%+ 6.0% ----2016 2017 2018
-- ----2016 2017 2018
--
Closed Sales
Historical Closed Sales by Month Single Family Townhouse-Condo Adult Communities
October 2017 90 254 0
November 2017 89 270 0
December 2017 82 270 0
January 2018 74 214 0
February 2018 77 183 0
March 2018 74 232 0
April 2018 73 289 0
May 2018 97 317 0
June 2018 108 285 0
July 2018 94 307 0
August 2018 98 301 0
September 2018 82 244 0
12-Month Avg. 87 265 0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 7
A count of the actual sales that closed in a given month.
74
308
0
84
317
0
82
244
0
Single Family Townhouse-Condo Adult Communities
September
0
100
200
300
400
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
641
2,458
0
750
2,515
0
785
2,388
0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
- 23.0%+ 2.9%- 2.4%+ 13.5% + 2.3%+ 4.7%+ 17.0% - 5.0%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 8.8% + 5.6% + 4.0%+ 14.5% ----2016 2017 2018
-- ----2016 2017 2018
--
Median Sales Price
Historical Median Sales Price by Month Single Family Townhouse-Condo Adult Communities
October 2017 $335,000 $534,000 $0
November 2017 $355,000 $484,500 $0
December 2017 $365,000 $487,500 $0
January 2018 $370,000 $482,750 $0
February 2018 $325,000 $449,000 $0
March 2018 $365,000 $471,250 $0
April 2018 $367,450 $481,000 $0
May 2018 $420,000 $490,000 $0
June 2018 $415,000 $535,000 $0
July 2018 $397,450 $530,000 $0
August 2018 $399,950 $500,000 $0
September 2018 $387,500 $457,500 $0
12-Month Med.* $375,000 $495,000 $0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 8
* Median Sales Price for all properties from October 2017 through September 2018. This is not the average of the individual figures above.
$365,000
$429,500
$0
$377,000
$465,000
$0
$387,500
$457,500
$0
Single Family Townhouse-Condo Adult Communities
September
$0
$100,000
$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
Single Family Townhouse-Condo Adult Communities
$321,500
$465,000
$0
$350,000
$462,000
$0
$380,000
$490,000
$0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
- 1.6%+ 8.3%+ 2.8%+ 3.3% - 0.6%+ 8.6%+ 8.9% + 6.1%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 9.1% + 3.0% + 1.6%- 7.4% ----2016 2017 2018
-- ----2016 2017 2018
--
Average Sales Price
Historical Average Sales Price by Month Single Family Townhouse-Condo Adult Communities
October 2017 $430,077 $599,135 $0
November 2017 $457,379 $573,981 $0
December 2017 $459,209 $560,151 $0
January 2018 $474,737 $568,627 $0
February 2018 $436,767 $552,532 $0
March 2018 $434,992 $582,377 $0
April 2018 $498,813 $562,093 $0
May 2018 $519,560 $568,948 $0
June 2018 $576,579 $593,668 $0
July 2018 $473,525 $628,181 $0
August 2018 $497,142 $591,072 $0
September 2018 $539,284 $551,009 $0
12-Month Avg.* $484,655 $578,862 $0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 9
* Avg. Sales Price for all properties from October 2017 through September 2018. This is not the average of the individual figures above.
$577,151
$499,257
$0
$470,985$515,913
$0
$539,284 $551,009
$0
Single Family Townhouse-Condo Adult Communities
September
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
$440,020
$529,838
$0
$448,945
$543,435
$0
$496,591
$579,373
$0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
+ 6.8%+ 3.3%+ 14.5%- 18.4% + 2.6%+ 10.6%+ 2.0% + 6.6%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 14.6% + 1.2% + 2.2%- 7.6% ----2016 2017 2018
-- ----2016 2017 2018
--
Percent of List Price Received
Historical Percent of List Price Received by Month Single Family Townhouse-Condo Adult Communities
October 2017 98.2% 98.9% 0.0%
November 2017 97.9% 99.4% 0.0%
December 2017 98.8% 98.8% 0.0%
January 2018 98.8% 98.5% 0.0%
February 2018 97.4% 97.9% 0.0%
March 2018 98.1% 98.2% 0.0%
April 2018 98.9% 99.2% 0.0%
May 2018 100.7% 98.8% 0.0%
June 2018 99.4% 99.1% 0.0%
July 2018 100.2% 98.7% 0.0%
August 2018 98.2% 98.3% 0.0%
September 2018 98.5% 98.0% 0.0%
12-Month Avg.* 98.8% 98.7% 0.0% 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 10
* Pct. of List Price Received for all properties from October 2017 through September 2018. This is not the average of the individual figures above.
2018
----2016
--2018
--2017
--2016
99.6%99.0%
100.2%
98.8%98.5%98.0%
Single Family Townhouse-Condo Adult Communities
September
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
120.0%
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
98.0%98.9%98.6%
99.2%99.0% 98.6%
Single Family Townhouse-Condo Adult Communities
Year to Date
0.0%0.0%0.0%
2016 2017 2018
- 0.8%- 0.2%- 1.7%+ 0.6% + 0.3%+ 0.4%+ 0.6% - 0.6%
2016 2017 2018 2016 2017 2018 2016 2017 2018
+ 1.0% + 1.4% + 0.3%+ 0.5% --
2017
0.0%0.0%0.0%
Days on Market Until Sale
Historical Days on Market Until Sale by Month Single Family Townhouse-Condo Adult Communities
October 2017 47 44 0
November 2017 46 44 0
December 2017 51 50 0
January 2018 62 47 0
February 2018 54 61 0
March 2018 52 51 0
April 2018 50 44 0
May 2018 54 41 0
June 2018 40 36 0
July 2018 48 40 0
August 2018 49 42 0
September 2018 54 42 0
12-Month Avg.* 50 44 0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 11
* Days on Market for all properties from October 2017 through September 2018. This is not the average of the individual figures above.
73
49
0
42 45
0
54
42
0
Single Family Townhouse-Condo Adult Communities
September
0
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
Single Family Townhouse-Condo Adult Communities
73
52
0
55
45
0
51
44
0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
- 6.7%- 8.2%+ 28.6%- 42.5% - 13.5%- 7.3%- 24.7% - 2.2%
2016 2017 2018 2016 2017 2018 2016 2017 2018
- 1.4% - 3.9% 0.0%- 7.5% ----2016 2017 2018
-- ----2016 2017 2018
--
10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B10B
Housing Affordability Index
Historical Housing Affordability Index by Month Single Family Townhouse-Condo Adult Communities
October 2017 125 77 0
November 2017 119 86 0
December 2017 115 86 0
January 2018 109 84 0
February 2018 124 90 0
March 2018 110 85 0
April 2018 108 82 0
May 2018 94 81 0
June 2018 96 75 0
July 2018 100 75 0
August 2018 100 80 0
September 2018 103 87 0
12-Month Avg.* 109 82 0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 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 October 2017 through September 2018. This is not the average of the individual figures above.
114
94
0
113
92
0
103
87
0
Single Family Townhouse-Condo Adult Communities
September
0
50
100
150
200
250
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
129
87
0
122
92
0
105
81
0
Single Family Townhouse-Condo Adult Communities
Year to Date
2016 2017 2018
- 5.4%- 2.1%- 8.8%- 0.9% + 5.7%- 13.9%- 5.4% - 12.0%
2016 2017 2018 2016 2017 2018 2016 2017 2018
- 7.3% - 2.3% + 2.4%+ 11.9% ----2016 2017 2018
-- ----2016 2017 2018
--
11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B11B
Inventory of Homes for Sale
Historical Inventory of Homes for Sale by Month Single Family Townhouse-Condo Adult Communities
October 2017 562 1,314 0
November 2017 501 1,257 0
December 2017 437 1,090 0
January 2018 436 1,102 0
February 2018 443 1,140 0
March 2018 440 1,271 0
April 2018 476 1,386 0
May 2018 484 1,487 0
June 2018 497 1,517 0
July 2018 486 1,502 0
August 2018 438 1,441 0
September 2018 449 1,580 0
12-Month Avg. 474 1,351 0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 13
573
1,208
0
544
1,294
0
449
1,580
0
Single Family Townhouse-Condo Adult Communities
September
0
500
1,000
1,500
2,000
2,500
3,000
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
2016 2017 2018+ 22.1%+ 7.1%- 17.5%- 5.1%
2016 2017 2018- 10.0% - 13.1% ----
2016 2017 2018--
12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B12B
Months Supply of Inventory
Historical Months Supply of Inventory by Month Single Family Townhouse-Condo Adult Communities
October 2017 6.8 4.8 0.0
November 2017 6.0 4.6 0.0
December 2017 5.1 4.0 0.0
January 2018 5.1 4.0 0.0
February 2018 5.2 4.1 0.0
March 2018 5.1 4.6 0.0
April 2018 5.3 5.0 0.0
May 2018 5.4 5.4 0.0
June 2018 5.5 5.5 0.0
July 2018 5.3 5.5 0.0
August 2018 4.6 5.3 0.0
September 2018 4.9 5.9 0.0
12-Month Avg.* 5.4 4.9 0.0 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 October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 14
* Months Supply for all properties from October 2017 through September 2018. This is not the average of the individual figures above.
7.8
4.5
0.0
6.4
4.7
0.0
4.95.9
0.0
Single Family Townhouse-Condo Adult Communities
September
0
5
10
15
20
25
1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
Single Family Townhouse-Condo Adult Communities
2016 2017 2018+ 25.5%+ 4.4%- 23.4%- 17.9%
2016 2017 2018- 17.9% - 15.1% ----
2016 2017 2018--
13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B13B
Total Market Overview
Key Metrics Historical Sparklines 9-2017 9-2018 Percent Change YTD 2017 YTD 2018 Percent Change
--Months Supply 5.4 5.6 + 3.7% -- --
Data as of October 20, 2018. All data from Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2018 ShowingTime. | 15
- 10.0%
Homes for Sale 2,574 2,713 + 5.4% -- -- --
Affordability Index 99 92 - 7.1% 100 90
- 0.3%
Days on Market 47 45 - 4.3% 51 46 - 9.8%
Pct. of List Price Received 99.1% 98.2% - 0.9% 99.0% 98.7%
$558,932 + 7.1%
Median Sales Price $430,000 $431,500 + 0.3% $425,000 $445,000
Avg. Sales Price $506,502 $548,060 + 8.2% $521,813
4,221 - 3.2%
+ 4.7%
Closed Sales 551 441 - 20.0% 4,360
8,711 + 12.6%
Pending Sales 455 454 - 0.2% 4,517 4,517 0.0%
7,735
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 873 1,043 + 19.5%
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
9-2015 9-2016 9-2017 9-2018
14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B14B
