The Long & Foster Market Minute

Focus On: Hamilton, Mercerville, and Yardville Housing Market June 2021

Zip Code(s): 08619, 08610, 08690 and 08620
Units Sold
130
Active Inventory
106
Median Sale Price
$315,000
Days On Market
16
Up
Vs. Year Ago
Down -35%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -67%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 130 sold this month in Hamilton, Mercerville, and Yardville Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 58 units or 35%. The total number of active inventory this June was 106 compared to 164 in June 2020. This month's total of 106 is lower than the previous month's total supply of available inventory of 118, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Hamilton, Mercerville, and Yardville Homes was $249,950. This June, the median sale price was $315,000, an increase of $65,050 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
152
Current Contracts
136
Sold Vs. List Price
104.7%
Months of Supply
0.8
Up 27%
Vs. Year Ago
Up 17%
Vs. Year Ago
Up
Vs. Year Ago
Down -56%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Hamilton, Mercerville, and Yardville, compared to 1.9 in June 2020. That is a decrease of 56% 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 152 homes newly listed for sale in Hamilton, Mercerville, and Yardville compared to 120 in June 2020, an increase of 27%. There were 136 current contracts pending sale this June compared to 116 a year ago. The number of current contracts is 17% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Hamilton, Mercerville, and Yardville was 104.7% 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 16, lower than the average last year, which was 48, a decrease of 67%.

The Long & Foster Market Minute Hamilton, Mercerville, and Yardville are defined as properties listed in zip code/s 08619, 08610, 08690 and 08620.
*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.