Transaction Series
NJ Market Data, Digested
Excerpted from NJ Realtor Magazine/Edited by Stephen Lee with CRI
10 Key Metrics for the listing presentation or consultation for your clientele:
1.Median Sales Price
– The midpoint price
YDT 2025: $500,000 à 8.7% Up
YDT 2024: $460,000
– It shows a more typical sales price, rater than average price. NJ Realtors
traditionally uses median prices as the metric for prices.
–
- Average Sales Price
– The toral dollar volume of sales divided by the number of transactions.
YDT 2025: $637,613 à 11.4% Up
YDT 2024: $572,447
– Useful for understanding overall dollar activity in the market, especially
when tracking the higher end of the market for sales trends.
–
- Percent of List Price Received
– The percentage of the original list price that home actually sell for,
on average.
YDT 2025: 100.9% à 0.3% Down
YDT 2024: 101.2%
– A number above 100% typically indicates a competitive market with
multiple bids above the asking price.
–
- Days on Market ( Until Sales)
– DOM.
YDT 2025: 47 à 11.9% Up
YDT 2024: 42
– A Lower number suggests home are selling quickly; higher number may
indicate home sitting longer until offers are accepted.
–
- Housing Affordability Index
– A score where 100 means a median-income household can afford the
median-priced home.
YDT 2025: 90 à 7.2% Down
YDT 2024: 97
– The lower the number, the less affordable homes are to the average buyer.
A number under 100 indicates affordability stress.
- Inventory of Homes for Sale
– The total number of active listings on the market during the month.
March 2025: 21,536 à 0.4% Up
March 2024: 21,454
– Helps measure supply.
- New Listings
– The number of properties newly listed on the market during the month.
YTD 2025: 27,197 à 3.2% Down
YTD 2024: 26,182
– Indicates the flow of fresh supply into the market.
- Pending Sales
– The number of homes under contract but not yet closed.
YTD 2025: 19,362 à 0.6% Up
YTD 2024: 19,243
– A forward-looking indicator of future closed sales activity.
- Closed Sales
– The number of sales that have officially closed(finalized) during the month.
March 2025: 16,347 à 1.2% Up
March 2024: 16,151
– Reflects completed demand and helps track overall market volume.
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