The Long & Foster Market Minute

Focus On: Plumsted, Jackson and Lakehurst Housing Market June 2021

Zip Code(s): 08533, 08733 and 08527
Units Sold
Active Inventory
Median Sale Price
Days On Market
Up 17%
Vs. Year Ago
Down -50%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -60%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 110 sold this month in Plumsted, Jackson and Lakehurst Real Estate versus 87 last month, an increase of 26%. This month's total units sold was higher than at this time last year, an increase of 17% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 144 units or 50%. The total number of active inventory this June was 143 compared to 287 in June 2020. This month's total of 143 is higher than the previous month's total supply of available inventory of 138, an increase of 4%.

Median Sale Price
Last June, the median sale price for Plumsted, Jackson and Lakehurst Homes was $366,500. This June, the median sale price was $425,000, an increase of 16% or $58,500 compared to last year. The current median sold price is 1% lower 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
Current Contracts
Sold Vs. List Price
Months of Supply
Down -2%
Vs. Year Ago
Down -24%
Vs. Year Ago
Vs. Year Ago
Down -57%
Vs. Year Ago

Months of Supply
In June, there was 1.3 months of supply available in Plumsted, Jackson and Lakehurst, compared to 3.1 in June 2020. That is a decrease of 57% 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 151 homes newly listed for sale in Plumsted, Jackson and Lakehurst compared to 154 in June 2020, a decrease of 2%. There were 126 current contracts pending sale this June compared to 165 a year ago. The number of current contracts is 24% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Plumsted, Jackson and Lakehurst was 103.8% 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 27, lower than the average last year, which was 68, a decrease of 60%.

The Long & Foster Market Minute Plumsted, Jackson and Lakehurst are defined as properties listed in zip code/s 08533, 08733 and 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.