The Long & Foster Market Minute

Focus On: Stafford, Little Egg Harbor and Manahawkin Housing Market June 2021

Zip Code(s): 08087, 08092 and 08050
Units Sold
104
Active Inventory
186
Median Sale Price
$357,450
Days On Market
24
Up 28%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 28%
Vs. Year Ago
Down -58%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 104 sold this month in Stafford, Little Egg Harbor and Manahawkin Real Estate versus 91 last month, an increase of 14%. This month's total units sold was higher than at this time last year, an increase of 28% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 39 units or 17%. The total number of active inventory this June was 186 compared to 225 in June 2020. This month's total of 186 is lower than the previous month's total supply of available inventory of 189, a decrease of 2%.

Median Sale Price
Last June, the median sale price for Stafford, Little Egg Harbor and Manahawkin Homes was $279,000. This June, the median sale price was $357,450, an increase of $78,450 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
138
Current Contracts
121
Sold Vs. List Price
102.1%
Months of Supply
1.8
Up 16%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 4.4%
Vs. Year Ago
Down -36%
Vs. Year Ago

Months of Supply
In June, there was 1.8 months of supply available in Stafford, Little Egg Harbor and Manahawkin, compared to 2.8 in June 2020. That is a decrease of 36% 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 138 homes newly listed for sale in Stafford, Little Egg Harbor and Manahawkin compared to 119 in June 2020, an increase of 16%. There were 121 current contracts pending sale this June compared to 131 a year ago. The number of current contracts is 8% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Stafford, Little Egg Harbor and Manahawkin was 102.1% of the average list price, which is 4.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 24, lower than the average last year, which was 57, a decrease of 58%.

The Long & Foster Market Minute Stafford, Little Egg Harbor and Manahawkin are defined as properties listed in zip code/s 08087, 08092 and 08050.
*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.