The Long & Foster Market Minute

Focus On: Clementon, Blackwood, and Somerdale Housing Market June 2021

Zip Code(s): 08021, 08012, 08083 and 08084
Units Sold
157
Active Inventory
151
Median Sale Price
$233,000
Days On Market
14
Up 22%
Vs. Year Ago
Down -33%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -75%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 157 sold this month in Clementon, Blackwood, and Somerdale Real Estate versus 134 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 22% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 75 units or 33%. The total number of active inventory this June was 151 compared to 226 in June 2020. This month's total of 151 is lower than the previous month's total supply of available inventory of 155, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Clementon, Blackwood, and Somerdale Homes was $184,211. This June, the median sale price was $233,000, an increase of $48,789 compared to last year. The current median sold price is higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
220
Current Contracts
191
Sold Vs. List Price
104.2%
Months of Supply
1.0
Up 57%
Vs. Year Ago
Up 23%
Vs. Year Ago
Up
Vs. Year Ago
Down -45%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Clementon, Blackwood, and Somerdale, compared to 1.8 in June 2020. That is a decrease of 45% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 220 homes newly listed for sale in Clementon, Blackwood, and Somerdale compared to 140 in June 2020, an increase of 57%. There were 191 current contracts pending sale this June compared to 155 a year ago. The number of current contracts is 23% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Clementon, Blackwood, and Somerdale was 104.2% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 14, lower than the average last year, which was 56, a decrease of 75%.

The Long & Foster Market Minute Clementon, Blackwood, and Somerdale are defined as properties listed in zip code/s 08021, 08012, 08083 and 08084.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.