Atlantic City NJ Market Trends October 2009 to October 2008

Here is a Summary of the Atlantic City NJ Market Activity Comparing Active Homes for Sale in Atlantic City , Sold Median Price of Homes, # of Properties Sold, # of Properties UCT, # of Months Supply of Inventory on Hand. This information is reported from October 2009 to October 2008

Month		Actives	Sold Median	# Properties	# Properties	Month Supply
			$$	Sold	UCT	of Inventory
Oct-09		972	$     221,250	22	33	29.5
Sep-09		1017	$     186,500	17	30	33.9
Aug-09		1020	$     172,044	22	19	53.7
Jul-09		1023	$     201,450	16	20	51.1
Jun-09		971	$     156,000	23	27	36
May-09		977	$     144,000	28	27	36.2
Apr-09		971	$     164,000	15	27	36
Mar-09		965	$     135,000	16	17	56.8
Feb-09		943	$     110,000	10	18	52.4
Jan-09		927	$     190,000	15	17	54.5
Dec-08		953	$     152,500	15	9	105.9
Nov-08		976	$     171,500	14	15	65.1
Oct-08		967	$     160,500	24	16	60.4

 

If you are a numbers person, like me, please use this information to determine the right time to buy a home.  It is clear by the numbers the average median price has come down over the same period last year and our supply of inventory has dropped by 14 months.  The interest rates are at an all time low! 

Please call the Petridis Team if you need to see any other statistical information.  We are available to help you with your search here at the South Jersey Shore.