The Long & Foster Market Minute

Focus On: Jackson Housing Market June 2021

Zip Code(s): 08527
Units Sold
100
Active Inventory
125
Median Sale Price
$430,000
Days On Market
28
Up 16%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 18%
Vs. Year Ago
Down -61%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 100 sold this month in Jackson Real Estate versus 77 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 16% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 136 units or 52%. The total number of active inventory this June was 125 compared to 261 in June 2020. This month's total of 125 is higher than the previous month's total supply of available inventory of 116, an increase of 8%.

Median Sale Price
Last June, the median sale price for Jackson Homes was $365,000. This June, the median sale price was approximately the same at $430,000. The current median sold price is 18% higher than in June 2020.

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


New Listings
141
Current Contracts
118
Sold Vs. List Price
103.7%
Months of Supply
1.3
Up 1%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up
Vs. Year Ago
Down -59%
Vs. Year Ago

Months of Supply
In June, there was 1.3 months of supply available in Jackson, compared to 3.0 in June 2020. That is a decrease of 59% 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 141 homes newly listed for sale in Jackson compared to 139 in June 2020, an increase of 1%. There were 118 current contracts pending sale this June compared to 145 a year ago. The number of current contracts is 19% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Jackson was 103.7% 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 28, lower than the average last year, which was 72, a decrease of 61%.

The Long & Foster Market Minute Jackson are defined as properties listed in zip code/s 08527.
*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 MOMLS 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 MOMLS or Long & Foster Real Estate, Inc.