Forked River, 08731 MARKET TRENDS

Found 1 blog entry about Forked River, 08731 MARKET TRENDS.

This Week

The median list price in FORKED RIVER 08731 this week is $289,000.

Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

Suppy and Demand

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Median List Price $289,000
Asking Price Per Square Foot  $178
Average Days on Market (DOM)
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