The Long & Foster Market Minute

Focus On: Robbinsville and Yardville Housing Market June 2021

Zip Code(s): 08561, 08691 and 08620
Units Sold
48
Active Inventory
51
Median Sale Price
$385,250
Days On Market
15
Up
Vs. Year Ago
Down -37%
Vs. Year Ago
Up 30%
Vs. Year Ago
Down -69%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 48 sold this month in Robbinsville 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 30 units or 37%. The total number of active inventory this June was 51 compared to 81 in June 2020. This month's total of 51 is higher than the previous month's total supply of available inventory of 43, an increase of 19%.

Median Sale Price
Last June, the median sale price for Robbinsville and Yardville Homes was $297,000. This June, the median sale price was $385,250, an increase of $88,250 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
66
Current Contracts
52
Sold Vs. List Price
102.8%
Months of Supply
1.1
Up 14%
Vs. Year Ago
Up 2%
Vs. Year Ago
Up
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Robbinsville and Yardville, compared to 2.3 in June 2020. That is a decrease of 54% 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 66 homes newly listed for sale in Robbinsville and Yardville compared to 58 in June 2020, an increase of 14%. There were 52 current contracts pending sale this June compared to 51 a year ago. The number of current contracts is 2% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Robbinsville and Yardville was 102.8% 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 15, lower than the average last year, which was 48, a decrease of 69%.

The Long & Foster Market Minute Robbinsville and Yardville are defined as properties listed in zip code/s 08561, 08691 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.