This Month in Real Estate is a monthly video news series, provided by Keller Williams Realty, that offers an inside look at the national real estate market. Each edition provides a snapshot of the numbers and trends that drive the real estate market, as well as expert opinion and analysis. For information on your local real estate conditions, in your neighborhood, please contact Karl Hess or go to www.homevaluesinoceancountynj.com.
As of today, there are 4089 single family homes for sale in Ocean County. The median list price for those homes is $324,900. The average days on market is 151 days.
There were 849 new listings for homes in Ocean County for the month of February with a median asking price of $325,000. 199 homes sold in Ocean County in January with a median sold price of $243,000 which results in a sales price vs listing price ratio of 93%. The average days on market for sold homes is 128. In January, 240 listings expired or were withdrawn.
In comparison to February 2011: There were 848 new home listing with a median asking price of 314,500. 208 homes were sold and the median sold price was $263,500 and the average days on market for sold homes was 134 days. In February 2011, 365 listings expired or were withdrawn.
Bottom line for home sales in Ocean County for February 2011 in comparison to February 2012:
- New listings remained about equal
- Average listing price dropped by $11,500.
- Average sales price dropped by almost $20,000.
- Average days on market decreased by 6 days.
- Many more listings over 100, expired in February 2011 than in February 2012.
Ocean County Homes Sold Terms/Market Statistics for Feb 2012:
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| --Information deemed reliable but not guaranteed-- Prepared by Karl Hess of Keller Williams Realty Monmouth/Ocean on Tuesday, March 13, 2012. |
