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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.

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