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Monthly Snapshot
23456789
101112131415
Data as of April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
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
One-Year Change in Closed SalesAll Properties
Monthly Indicators
March 2019
In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well. Sales totals were mixed across the nation and sometimes dependent on what was a persistent wintry mix, especially in the Great Plains, Midwest and Northeast. Meanwhile, new listings and total homes for sale have been trending lower in year-over-year comparisons in many areas, and last year's marks were already quite low.
The Federal Reserve recently announced that no further interest rate hikes are planned for 2019. Given the fact that the federal funds rate has increased nine times over the past three years, this was welcome news for U.S. consumers, which carry an approximate average of $6,000 in revolving credit card debt per household. Fed actions also tend to affect mortgage rates, so the pause in rate hikes was also welcome news to the residential real estate industry.
+ 4.0% - 10.1%
For residential real estate activity in Allendale, Alpine, Bergenfield, Bogota, Carlstadt, Cliffside Park, Closter, Cresskill, Demarest, Dumont, East Rutherford, Edgewater, Elmwood Park, Englewood, Englewood Cliffs, Emerson, Fair Lawn, Fairview, Fort Lee, Franklin Lakes, Garfield, Glen Rock, Hackensack, Harrington Park, Hasbrouck Heights, Haworth, Hillsdale, HoHoKus, Leonia, Little Ferry, Lodi, Lyndhurst, Mahwah, Maywood, Midland Park, Montvale, Moonachie, New Milford, North Arlington, Northvale, Norwood, Oakland, Old Tappan, Oradell, Palisades Park, Paramus, Park Ridge, Ramsey, Ridgefield, Ridgefield Park, Ridgewood, River Edge, Rivervale, Rockleigh, Rochelle Park, Rutherford, Saddle Brook, Saddle River, South Hackensack, Teaneck, Tenafly, Teterboro, Upper Saddle River, Waldwick, Wallington, Washington Township, Westwood, Woodcliff Lake, Wood-Ridge, Wyckoff in Bergen County, as well as in East Newark, Harrison and Kearny in Hudson County. Percent changes are calculated using rounded figures.
One-Year Change in Homes for SaleAll Properties
One-Year Change in Median Sales Price
All Properties
- 4.2%
Pending SalesClosed Sales
• Single Family Closed Sales were up 1.1 percent to 448.• Townhouse-Condo Closed Sales were up 12.7 percent to 177.• Adult Communities Closed Sales remained flat at 2.
• Single Family Median Sales Price increased 0.7 percent to $469,030.• Townhouse-Condo Median Sales Price increased 5.9 percent to $320,000.• Adult Communities Median Sales Price increased 69.5 percent to $500,000.
Single Family Market Overview
Key Metrics Historical Sparklines 3-2018 3-2019 Percent Change YTD 2018 YTD 2019 Percent Change
Data as of April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
--
Months Supply of Inventory 5.2 4.5 - 13.5% -- -- --
Inventory of Homes for Sale 2,791 2,468 - 11.6% -- --
- 4.0%
Housing Affordability Index 81 80 - 1.2% 83 83 0.0%
Days on Market Until Sale 74 75 + 1.4% 75 72
- 1.2%
Pct. of List Price Received 97.1% 97.7% + 0.6% 97.2% 97.5% + 0.3%
Average Sales Price $566,585 $561,064 - 1.0% $569,302 $562,499
+ 4.6%
Median Sales Price $466,000 $469,030 + 0.7% $455,000 $450,000 - 1.1%
Closed Sales 443 448 + 1.1% 1,129 1,181
2,779 + 4.3%
Pending Sales 625 668 + 6.9% 1,464 1,558 + 6.4%
2,665
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 1,058 1,122 + 6.0%
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
Townhouse-Condo Market Overview
Key Metrics Historical Sparklines 3-2018 3-2019 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.
1,013 + 2.3%
Pending Sales 227 209 - 7.9% 589 556 - 5.6%
990New Listings 344 408 + 18.6%
Closed Sales 157 177 + 12.7% 442 485 + 9.7%
- 1.5%
$388,544 - 3.0%
Median Sales Price $340,000 $320,000 - 5.9% $330,000 $325,000
Average Sales Price $390,816 $375,685 - 3.9% $400,596
- 0.1%
Days on Market Until Sale 79 72 - 8.9% 78 76 - 2.6%
Pct. of List Price Received 97.1% 96.6% - 0.5% 96.7% 96.6%
- 14.2%
Inventory of Homes for Sale 1,051 978 - 6.9% -- -- --
Housing Affordability Index 130 117 - 10.0% 134 115
--Months Supply of Inventory 5.2 5.0 - 3.8% -- --
Data as of April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
Adult Community Market Overview
Key Metrics Historical Sparklines 3-2018 3-2019 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 9 11 + 22.2% 22 + 4.8%
Pending Sales 6 2 - 66.7% 13 9 - 30.8%
21
Closed Sales 2 2 0.0% 10 14 + 40.0%
+ 27.1%
$373,896 + 35.1%
Median Sales Price $294,950 $500,000 + 69.5% $239,950 $305,000
Average Sales Price $294,950 $500,000 + 69.5% $276,774
+ 2.8%
Days on Market Until Sale 55 108 + 96.4% 89 173 + 94.4%
Pct. of List Price Received 99.3% 97.6% - 1.7% 96.3% 99.0%
- 21.7%
Inventory of Homes for Sale 29 34 + 17.2% -- -- --
Housing Affordability Index 149 88 - 40.9% 184 144
--Months Supply of Inventory 5.7 6.2 + 8.8% -- --
Data as of April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
New Listings
Historical New Listings by Month Single Family Townhouse-Condo Adult Communities
April 2018 1,252 395 6
May 2018 1,415 403 9
June 2018 1,219 382 7
July 2018 933 362 13
August 2018 865 306 5
September 2018 938 303 15
October 2018 904 334 11
November 2018 607 224 4
December 2018 335 184 1
January 2019 827 323 6
February 2019 830 282 5
March 2019 1,122 408 11
12-Month Avg. 937 326 8 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
1,182
398
14
1,058
344
9
1,122
408
11
Single Family Townhouse-Condo Adult Communities
March
0
250
500
750
1,000
1,250
1,500
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
2,730
1,020
33
2,665
990
21
2,779
1,013
22
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
+ 18.6%- 13.6%+ 6.0%- 10.5% - 2.9%+ 4.3%- 2.4% + 2.3%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 9.1% - 3.1% - 7.4%- 13.9% + 22.2%- 35.7%2017 2018 2019
+ 40.0% + 4.8%- 36.4%2017 2018 2019
+ 83.3%
Pending Sales
Historical Pending Sales by Month Single Family Townhouse-Condo Adult Communities
April 2018 674 203 6
May 2018 765 249 6
June 2018 700 223 6
July 2018 592 216 9
August 2018 508 209 4
September 2018 443 159 6
October 2018 540 212 8
November 2018 481 181 6
December 2018 318 137 6
January 2019 413 161 2
February 2019 477 186 5
March 2019 668 209 2
12-Month Avg. 548 195 6 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
A count of the properties on which offers have been accepted in a given month.
658
235
8
625
227
6
668
209
2
Single Family Townhouse-Condo Adult Communities
March
0
200
400
600
800
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
1,425
593
15
1,464
589
13
1,558
556
9
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 7.9%- 3.4%+ 6.9%- 5.0% - 0.7%+ 6.4%+ 2.7% - 5.6%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 11.7% + 4.8% + 13.0%+ 12.4% - 66.7%- 25.0%2017 2018 2019
+ 60.0% - 30.8%- 13.3%2017 2018 2019
- 21.1%
Closed Sales
Historical Closed Sales by Month Single Family Townhouse-Condo Adult Communities
April 2018 523 210 7
May 2018 564 204 6
June 2018 731 229 7
July 2018 767 251 5
August 2018 786 228 6
September 2018 506 212 8
October 2018 521 217 8
November 2018 473 187 3
December 2018 522 197 5
January 2019 395 164 9
February 2019 338 144 3
March 2019 448 177 2
12-Month Avg. 548 202 6 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
A count of the actual sales that closed in a given month.
413
203
4
443
157
2
448
177
2
Single Family Townhouse-Condo Adult Communities
March
0
200
400
600
800
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
1,183
509
12
1,129
442
10
1,181
485
14
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
+ 12.7%- 22.7%+ 1.1%+ 7.3% - 13.2%+ 4.6%- 4.6% + 9.7%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 5.7% + 0.4% + 10.9%+ 15.3% 0.0%- 50.0%2017 2018 2019
- 50.0% + 40.0%- 16.7%2017 2018 2019
- 7.7%
Median Sales Price
Historical Median Sales Price by Month Single Family Townhouse-Condo Adult Communities
April 2018 $476,000 $340,000 $280,000
May 2018 $505,000 $333,000 $350,000
June 2018 $510,000 $340,000 $265,000
July 2018 $505,500 $353,000 $280,000
August 2018 $485,000 $366,250 $305,000
September 2018 $486,500 $350,000 $395,000
October 2018 $470,000 $350,000 $427,000
November 2018 $488,900 $335,000 $589,900
December 2018 $471,000 $370,000 $329,900
January 2019 $455,000 $330,375 $290,000
February 2019 $440,000 $322,500 $220,000
March 2019 $469,030 $320,000 $500,000
12-Month Med.* $480,000 $340,000 $339,900 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
* Median Sales Price for all properties from April 2018 through March 2019. This is not the average of the individual figures above.
$421,250
$337,500 $323,450
$466,000
$340,000
$294,950
$469,030
$320,000
$500,000
Single Family Townhouse-Condo Adult Communities
March
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
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
$430,000
$333,000$315,000
$455,000
$330,000
$239,950
$450,000
$325,000$305,000
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 5.9%+ 0.7%+ 0.7%+ 10.6% - 0.9%- 1.1%+ 5.8% - 1.5%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 0.9% + 3.0% + 2.5%+ 8.5% + 69.5%- 8.8%2017 2018 2019
- 3.9% + 27.1%- 23.8%2017 2018 2019
- 0.9%
Average Sales Price
Historical Average Sales Price by Month Single Family Townhouse-Condo Adult Communities
April 2018 $590,822 $394,287 $315,686
May 2018 $596,870 $395,061 $348,300
June 2018 $614,638 $406,528 $394,129
July 2018 $611,492 $414,791 $241,600
August 2018 $595,459 $418,380 $318,300
September 2018 $594,464 $440,215 $397,931
October 2018 $592,139 $421,494 $398,213
November 2018 $556,841 $440,021 $488,300
December 2018 $594,698 $468,193 $358,780
January 2019 $602,128 $414,637 $345,517
February 2019 $518,206 $374,632 $374,967
March 2019 $561,064 $375,685 $500,000
12-Month Avg.* $590,116 $414,769 $362,881 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
* Avg. Sales Price for all properties from April 2018 through March 2019. This is not the average of the individual figures above.
$578,168
$383,885$420,725
$566,585
$390,816
$294,950
$561,064
$375,685
$500,000
Single Family Townhouse-Condo Adult Communities
March
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
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
$558,093
$386,184
$342,608
$569,302
$400,596
$276,774
$562,499
$388,544 $373,896
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 3.9%+ 1.8%- 1.0%- 2.0% + 3.7%- 1.2%+ 2.0% - 3.0%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 9.0% + 6.9% - 2.6%+ 2.2% + 69.5%- 29.9%2017 2018 2019
- 11.6% + 35.1%- 19.2%2017 2018 2019
- 19.1%
Percent of List Price Received
Historical Percent of List Price Received by Month Single Family Townhouse-Condo Adult Communities
April 2018 98.1% 97.1% 95.8%
May 2018 98.5% 97.1% 95.8%
June 2018 98.3% 96.9% 99.2%
July 2018 98.5% 97.8% 93.8%
August 2018 98.3% 97.2% 96.9%
September 2018 98.1% 97.2% 99.2%
October 2018 98.2% 96.8% 99.3%
November 2018 97.6% 96.3% 96.8%
December 2018 97.0% 97.1% 94.2%
January 2019 97.1% 96.5% 99.2%
February 2019 97.6% 96.7% 99.1%
March 2019 97.7% 96.6% 97.6%
12-Month Avg.* 98.0% 97.0% 97.5% 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
* Pct. of List Price Received for all properties from April 2018 through March 2019. This is not the average of the individual figures above.
97.4%
95.8%
99.7%
97.1% 97.1%
99.3%
97.7%96.6%
97.6%
Single Family Townhouse-Condo Adult Communities
March
80.0%
90.0%
100.0%
110.0%
120.0%
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
96.9%95.6%
99.1%
97.2% 96.7% 96.3%97.5%
96.6%
99.0%
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 0.5%+ 1.4%+ 0.6%- 0.3% + 1.2%+ 0.3%+ 0.3% - 0.1%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 1.0% + 0.4% + 0.2%+ 0.3% - 1.7%- 0.4%2017 2018 2019
+ 2.2% + 2.8%- 2.8%2017 2018 2019
+ 1.2%
0.0%
Days on Market Until Sale
Historical Days on Market Until Sale by Month Single Family Townhouse-Condo Adult Communities
April 2018 63 70 125
May 2018 63 63 67
June 2018 53 66 89
July 2018 49 65 50
August 2018 50 67 330
September 2018 53 67 74
October 2018 60 70 114
November 2018 62 78 87
December 2018 71 77 68
January 2019 68 73 209
February 2019 72 85 108
March 2019 75 72 108
12-Month Avg.* 60 70 125 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
* Days on Market for all properties from April 2018 through March 2019. This is not the average of the individual figures above.
82 82
111
7479
55
75 72
108
Single Family Townhouse-Condo Adult Communities
March
0
100
200
300
400
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
8192
6075 78
89
72 76
173
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 8.9%- 3.7%+ 1.4%- 9.8% - 15.2%- 4.0%- 7.4% - 2.6%
2017 2018 2019 2017 2018 2019 2017 2018 2019
- 3.5% - 9.0% - 10.7%- 21.9% + 96.4%- 50.5%2017 2018 2019
+ 44.2% + 94.4%+ 48.3%2017 2018 2019
- 9.1%
Housing Affordability Index
Historical Housing Affordability Index by Month Single Family Townhouse-Condo Adult Communities
April 2018 78 127 155
May 2018 73 130 124
June 2018 73 128 165
July 2018 74 124 156
August 2018 77 102 143
September 2018 77 107 110
October 2018 72 97 93
November 2018 71 103 69
December 2018 80 101 133
January 2019 82 114 151
February 2019 85 116 199
March 2019 80 117 88
12-Month Avg.* 77 114 132 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
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 April 2018 through March 2019. This is not the average of the individual figures above.
91
114
139
81
130
149
80
117
88
Single Family Townhouse-Condo Adult Communities
March
0
200
400
600
800
1000
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
89
115
142
83
134
184
83
115
144
Single Family Townhouse-Condo Adult Communities
Year to Date
2017 2018 2019
- 10.0%+ 14.0%- 1.2%- 11.0% + 16.5%0.0%- 6.7% - 14.2%
2017 2018 2019 2017 2018 2019 2017 2018 2019
+ 1.1% - 3.3% - 2.5%- 7.3% - 40.9%+ 7.2%2017 2018 2019
+ 6.1% - 21.7%+ 29.6%2017 2018 2019
+ 2.2%
Inventory of Homes for Sale
Historical Inventory of Homes for Sale by Month Single Family Townhouse-Condo Adult Communities
April 2018 3,057 1,134 28
May 2018 3,390 1,198 30
June 2018 3,532 1,247 31
July 2018 3,551 1,268 35
August 2018 3,478 1,220 35
September 2018 3,525 1,226 42
October 2018 3,355 1,188 39
November 2018 3,040 1,106 33
December 2018 2,518 960 27
January 2019 2,497 974 30
February 2019 2,458 938 28
March 2019 2,468 978 34
12-Month Avg. 3,072 1,120 33 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
2,936
1,135
35
2,791
1,051
29
2,468
978
34
Single Family Townhouse-Condo Adult Communities
March
0
1,000
2,000
3,000
4,000
5,000
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- 6.9%- 7.4%- 11.6%- 4.9%
2017 2018 2019- 14.2% - 19.6% + 17.2%- 17.1%
2017 2018 2019+ 20.7%
Months Supply of Inventory
Historical Months Supply of Inventory by Month Single Family Townhouse-Condo Adult Communities
April 2018 5.6 5.7 5.5
May 2018 6.2 6.0 5.6
June 2018 6.4 6.2 6.3
July 2018 6.4 6.4 6.5
August 2018 6.4 6.2 6.4
September 2018 6.5 6.2 7.5
October 2018 6.2 6.0 6.8
November 2018 5.6 5.5 5.7
December 2018 4.7 4.8 4.6
January 2019 4.6 5.0 5.3
February 2019 4.5 4.8 4.8
March 2019 4.5 5.0 6.2
12-Month Avg.* 5.6 5.6 5.9 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 April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
* Months Supply for all properties from April 2018 through March 2019. This is not the average of the individual figures above.
5.5 5.86.8
5.2 5.25.7
4.55.0
6.2
Single Family Townhouse-Condo Adult Communities
March
0
10
20
30
40
50
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- 3.8%- 10.3%- 13.5%- 5.5%
2017 2018 2019- 19.1% - 23.7% + 8.8%- 16.2%
2017 2018 2019+ 13.3%
Total Market Overview
Key Metrics Historical Sparklines 3-2018 3-2019 Percent Change YTD 2018 YTD 2019 Percent Change
--Months Supply of Inventory 5.2 4.6 - 11.5% -- --
Data as of April 20, 2019. All data from New Jersey MLS and Hudson County MLS. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2019 ShowingTime.
+ 1.1%
Inventory of Homes for Sale 3,881 3,488 - 10.1% -- -- --
Housing Affordability Index 85 88 + 3.5% 88 89
+ 0.2%
Days on Market Until Sale 75 74 - 1.3% 75 74 - 1.3%
Pct. of List Price Received 97.1% 97.4% + 0.3% 97.1% 97.3%
$510,677 - 1.8%
Median Sales Price $443,750 $425,000 - 4.2% $430,000 $419,000
Average Sales Price $519,842 $508,537 - 2.2% $520,287
1,685 + 6.2%
- 2.6%
Closed Sales 603 627 + 4.0% 1,587
3,826 + 3.8%
Pending Sales 862 882 + 2.3% 2,076 2,128 + 2.5%
3,687
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 1,415 1,546 + 9.3%
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019
3-2016 3-2017 3-2018 3-2019