Sales were up 13.8% compared to August 2016 and are up 15.0% YTD. Prices were down 5.0% compared to last August. Foreclosure sales were 18.5% of August's sales.Gloucester had a 2.0% decrease in the number of homes for sale during August but is just 5.15% below the 2016 level compared to an 11% shortfall throughout the region. The Months Supply of Inventory is at 6.2 months, down from 7.2 months a year ago.Sales were up 13.8% compared to last August and are up 15.0% YTD. Foreclosure sales were up 123% from August 2016 and comprised 18.5% of all sales in August. Normal sales were up 3.6% in August. The Property Marketing Period was 42 days, down from 54 last August.The median sold price in August was down 5.0% from last August and is down 5.5% YTD. When the foreclosure sales are removed, the non-foreclosure sales had a median sales price of $211,444 compared $205,000 last August, a 3.1% increase.The sold price to original list price ratio of 96.5% was above the normal range of 93-95%. In August the sold price to list price ratio was at 98.2% compared to 98.6% last year.For more information Gloucester County Market Trends Courtesy of: Trend MLS
