Sales were up 11.5% compared to July 2016 and are up 14.8% YTD. Prices were down 2.8% compared to last July. Foreclosure sales dropped significantly and were just 15% of July's sales.Gloucester had a 0.4% decrease in the number of homes for sale during July and is just 3.5% below the 2016 level compared to a 11% shortfall throughout the region. The Months Supply of Inventory is at 6.3 months, down from 7.1 months a year ago.Sales were up 11.5% compared to last July and are up 14.8% YTD. Foreclosure sales were 15% of all sales in July compared to 21% last month, and normal sales were up 8.2%. In July the Property Marketing Period was 41 days, down from 46 last July. The median sold price in July was down 2.8% from last July and is down 5.3% YTD. When the foreclosure sales are removed, the non-foreclosure sales had a median sales price of $220,000 compared $222,500 last July.The sold price to original list price ratio of 96.5% was above the normal range of 93-95%. In July the sold price to list price ratio was at 98.4% compared to 98.5% last year.For more information Gloucester County Market Trends Courtesy of: Trend MLS
