The Long & Foster Market Minute

Focus On: Toms River,Island Heights and Silverton Housing Market June 2021

Zip Code(s): 08753 and 08732
Units Sold
134
Active Inventory
183
Median Sale Price
$371,450
Days On Market
24
Up 34%
Vs. Year Ago
Down -39%
Vs. Year Ago
Up 20%
Vs. Year Ago
Down -50%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 134 sold this month in Toms River,Island Heights and Silverton Real Estate versus 116 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 34% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 116 units or 39%. The total number of active inventory this June was 183 compared to 299 in June 2020. This month's total of 183 is higher than the previous month's total supply of available inventory of 172, an increase of 6%.

Median Sale Price
Last June, the median sale price for Toms River,Island Heights and Silverton Homes was $310,000. This June, the median sale price was $371,450, an increase of 20% or $61,450 compared to last year. The current median sold price is 7% 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
167
Current Contracts
126
Sold Vs. List Price
102.7%
Months of Supply
1.4
Down -6%
Vs. Year Ago
Down -27%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 1.4 months of supply available in Toms River,Island Heights and Silverton, compared to 3.0 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 167 homes newly listed for sale in Toms River,Island Heights and Silverton compared to 178 in June 2020, a decrease of 6%. There were 126 current contracts pending sale this June compared to 172 a year ago. The number of current contracts is 27% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Toms River,Island Heights and Silverton was 102.7% of the average list price, which is 4.9% 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 48, a decrease of 50%.

The Long & Foster Market Minute Toms River,Island Heights and Silverton are defined as properties listed in zip code/s 08753 and 08732.
*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.