The Long & Foster Market Minute

Focus On: Mays Landing, Hammonton, and Western Atlantic County Housing Market June 2021

Zip Code(s): 08215, 08330, 08319, 08317, 08340, 08213, 08037, 08326, 08341, 08346 and 08350
Units Sold
60
Active Inventory
219
Median Sale Price
$260,000
Days On Market
33
Up
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 30%
Vs. Year Ago
Down -58%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in June, with 60 sold this month in Mays Landing, Hammonton, and Western Atlantic County 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 83 units or 27%. The total number of active inventory this June was 219 compared to 302 in June 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last June, the median sale price for Mays Landing, Hammonton, and Western Atlantic County Homes was $199,900. This June, the median sale price was $260,000, an increase of $60,100 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
90
Current Contracts
77
Sold Vs. List Price
100.4%
Months of Supply
3.7
Up 14%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 2.6%
Vs. Year Ago
Down -49%
Vs. Year Ago

Months of Supply
In June, there was 3.7 months of supply available in Mays Landing, Hammonton, and Western Atlantic County, compared to 7.2 in June 2020. That is a decrease of 49% 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 90 homes newly listed for sale in Mays Landing, Hammonton, and Western Atlantic County compared to 79 in June 2020, an increase of 14%. There were 77 current contracts pending sale this June compared to 68 a year ago. The number of current contracts is 13% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Mays Landing, Hammonton, and Western Atlantic County was 100.4% of the average list price, which is 2.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 33, lower than the average last year, which was 78, a decrease of 58%.

The Long & Foster Market Minute Mays Landing, Hammonton, and Western Atlantic County are defined as properties listed in zip code/s 08215, 08330, 08319, 08317, 08340, 08213, 08037, 08326, 08341, 08346 and 08350.
*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 SJSMLS 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 SJSMLS or Long & Foster Real Estate, Inc.