📈Let’s compare how the real estate market performed in July 2023 compared to July 2022 in Monmouth and Ocean counties.
📉Compared to last July, there was an almost 20% decrease in closed sales. There was a slight increase in the median price point, just under 1%. Inventory was also down around 20% as well. All of these factors (plus higher mortgage interest rates) have led to a slower than usual summer market.
📊Check out the infographics I created based on the information supplied by the Monmouth/Ocean Regional Realtors (MORR) as well as a current market snapshot taken from data from the Monmouth/Ocean MLS this morning.
📒For a more in-depth look into historical data on Monmouth County statistics, click here: Monthly Market Reports
📲If you’d like statistics on your town in Monmouth or Ocean counties, just reach out and I’m happy to send you more hyper local information for your town. 732-508-7402 #BuySellRentWithMC
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