Monday, June 22, 2009

Monthly Market Report for Toms River, NJ (May 2009)

Photo Credit
May by the numbers:

• 46 The number of Single Family Homes CLOSED during the month

• $356,467 Average LIST price for May*

• $332,528 Average SALES price for the month*

• 86 Average DAYS ON the MARKET for May

• 93.28% The SALES price to LIST price RATIO for the month

• 796 Number of Single Family Homes ACTIVE on the market in May

• 17.30 Number of MONTHS it would take to SELL OFF the existing supply of homes on the market, in Toms River, at this rate, if NONE were to come on the market!

*These averages include Single Family Homes from the beach communities of Ortley, Normandy and Ocean, etc.

May, 2009, saw 46 Single Family Homes CLOSE in Toms River, as compared with 73 in May of 2008. Of those 46 homes, 11 were in the price range of $200,000 to $250,000 (22%). Combined with the CLOSINGS from the First Quarter of 2009, this represents an INCREASE in SALES of 17%, in this particular price range, over the same time last year!

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