Spring Lake 3rd Quarter Market Update

The Real Estate Market information the third quarter in Spring Lake – we are experiencing record low inventory levels with home prices soaring. For a summary by town see below.  Spring Lake 3rd Quarter Market Update 2020 vs 3rd Quarter  2021 Market.

Single Family Home Sales 2020

MONTHLY SALESMONTHLY VOLUMEAVG SALEAVG DOM
26$83,389,739$3,207,29784

 

Single Family Home Sales 2021

MONTHLY SALESMONTHLY VOLUMEAVG SALEAVG DOM
13$48,078,000$3,698,30749

 

The data above was compiled from the Monmouth-Ocean Multiple Listing Service (FLEX-MLS) and provides an overview for the  Spring Lake 3rd Quarter Market update.

In 2021,13 single family homes were sold, which was a decrease from 26 homes in 2020. The total sales volume for sold Single Family homes in Spring Lake in 2021 decreased by 50%% compared to 2020. The average sales price was $3,698,000, a increase of 15.31% from 2020. The homes were on the market an average of 49 days and sold for 99% of the listing price.

When buying a home, local market data and Realtor expertise make ALL the difference. We update the local market data quarterly here, so check back frequently. If there’s a town not listed here that you would like market data for, email homes@theconnollyagency.com or give us a call at732 361 0800.

2021 VS 2020 3RD QUARTER Spring Lake

 

Thank you for reading our Real Estate Market Update First half of 2021 versus 2020.

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