Take a look at my most recent “Middletown Market Minute: May 2017”
Middletown Market Minute
Here are the most important facts about the Real Estate market for Middletown, NJ, for the week of Thursday March 16, 2017.
Number of single-family homes available: 257
Number of Condominium homes available: 18
Number of residential homes under contract: 176
Median Price of residential property: $406,000
Average days homes stay on the market: 62
February 2016 to February 2017 saw a 26.1% increase in homes sold, and a 2.9% increase in sale price.
From March 2016 to March 2017 the number of listings, or homes available for sale, has decreased 44.6%, and the median listing price has increased 8.6%.
The average monthly inventory supply of homes for sale from March 2016 to February 2017 was 4.73, which means we are in a bit of a “sellers market.” There is a low supply of houses on the market in Middletown now, which makes it a great time to sell a home.