Market Trends: Cumberland County, June 2018
July 31st, 2018 1:44 PM
Sales were up 33% from last June and are up 40% year-to-date. Foreclosure sales were 23% of all sales this month and had a median sale price of $61,500 compared to $150,500 for non-foreclosure sales.

Inventory increased by 6 listings this month and is 6.1% higher than a year ago. The Months Supply of Inventory decreased from 6.5 months last month to 6.4 in June, compared to 7.0 months last year.

Sales this month were 33.0% higher than last year and are up 40.5% year-to-date.

The median sold price in Cumberland County was up down 0.4% compared to a year ago and is up 7.6% year-to-date.

The sold price to original list price ratio was at 93.8% in June and 94.3% year-to-date. The sale price to list price ratio in June was 97.8%.

For all your Residential and Commercial Real Estate Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on July 31st, 2018 1:44 PMPost a Comment

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