Ocean County and New Jersey are reporting strong numbers for the housing market, continuing the recovery trend seen from the beginning of 2015, County Board of Realtors reports. “With all of the key areas showing growth in the number of new and closed listings, the summer selling season is off to a phenomenal head start.”

Townhouse-condos saw a 14.1% increase in the number of new listings, from 135 in June 2014 to 165 in June 2015. Closed sales for townhouse-condos increased by 33.9%, from 56 in June 2014 to 75 this June. The Single Family Home market saw 1,090 new listings in June of 2014 to 1,203 in June of 2015, resulting in a 10.4% increase in the number of new listings. Single family homes saw a 9.7% increase in the number of closed sales, from 493 closed sales in June 2014 to 541 in June 2015. Adult communities also saw a 3.5% rise in the number of new listings—in June of 2014, there were 459 new listings, while June of 2015 saw 475 new listings. Adult communities had 309 closed sales in June 2014 and 337 in June of 2015, resulting in a 9.1% increase. The total market saw a 9% increase in the number of new listings, from 1,751 new listings to 1,909. Closed sales for the total market increased by 10.1%, from 881 in June 2014 to 970 in June 2015.

After an average of 69 days on the market, adult community home sellers received 95.7% of the original asking price. Single family home sellers reported receiving 96.2% of the original asking price after an average of 102 days on the market. Townhouse-condo sellers, after an average of 119 days on the market, reported receiving 96.3% of the original asking price. The total market reported receiving 96% of the original asking price after an average of 93 days on the market.

[TLS – Press Release]