The inventory of unsold homes fell to an all-time low of a 1.9-months supply, down from 2.3 months in November and 3 months a year ago. Homes typically
remained on the market for 21 days in December, down from 41 days that a home would be on the market before selling in December 2019. Economists said that home builders have boosted construction in response to the strong demand but still face supply constraints
such as a lack of available building lots. For December, sales of single-family homes rose 0.7% to a rate of 6.03 million while sales of condominiums were up 1.4% to 730,000.
For all your Residential and Commercial Real Estate Sales & 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