The Jersey Shore by Karl Hess: Manahawkin Housing Market Trends May, 2020

Manahawkin Housing Market Trends May, 2020

This is an update on the current Manahawkin Real Estate Market.

Manahawkin Housing Market Summary: Year to Date in Comparison to Last Year: (Note – “year to date” is a direct comparison between the first 4 months of 2020 to 2019)

  •           Median List Price: Up 6.25%
  •           Median Sale Price: 3.77
  •           Median Days on Market: 40 (# of days on market before property sells)
  •           Sold Listings: 175, Up 12.9%
  •           Pending Sold Listings for the Month: Down 52.3%
  •           Active Listings for the Month: Down 43.7%
  •           New Listings for the Month: Down 65.5%

What is Your Manahawkin Home Worth? Get a free, instant valuation

Market Activity: The Market Activity Report is a snapshot of all the changes in a local real estate market over the last 24 months

  •           Estimated Home Values: Up 4.8%
  •           Sales Price: Up 11.76%
  •           List Price: Up 14.02%

See Every Home on the Market in Manahawkin

Bottom Line: While median list and sold prices have increased since the new year; active listings - that is homes that are on the market in May, is down by over 43%, a staggering number. We’re in new territory with the current factors that are driving the market and there are two ways to look at this: (1) take a “wait and see” attitude to evaluate when the market returns to normal OR (2) if other sellers are removing or postponing listing their house, your home has a better chance of rising to the top of a buyer's search list and being seen. Keep in mind, most sellers are only planning to delay the process by a couple of months. If you need to sell soon, don't wait for the competition to get back into the market again. 

If you have any questions, please contact me at your convenience.

Karl Hess provides expert real estate services to residential buyers and sellers in Manahawkin and the surrounding communities. Contact us today for more information on Stafford Twp Real Estate and for professional assistance navigating this complex home market.

 

 

 609-553-7926

Find Your Dream Home on The Jersey Shore in Ocean County!

www.TheJerseyShoreHomeFinder.com

 

 Licensed in New Jersey.  Keller Williams Shore Properties 

770 Lighthouse Dr. Barnegat, NJ Phone: 732-797-9001

 

 

 

Comment balloon 5 commentsKarl Hess • May 13 2020 01:05PM

Comments

Good morning Karl. The current crisis has effected new listings but not pricing. We shall survive. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 4 months ago

Manahawkin home buyers and sellers are sure to value your real estate market report, Karl.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 4 months ago

Thank you for taking the time to keep us informed and up to date. Wishing you a great weekend ahead! stay safe!

Posted by Joseph Doohan, I offer business strategy advice for realtors (Joseph Doohan) 4 months ago

Thank you for keeping us posted and up to date. Have a great weekend!

Posted by Jeremy K. Frost, Associate Broker, ABR, CNE, CRS, ePro, PSA, SRS (Keller Williams Realty) 4 months ago

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

 

Posted by Sally Crane, Woodland appraisal support. (WMS) 4 months ago

Participate