Year In Review Market Update - 2021
Edwin (Ed) O’Malley
As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...
As a life-long, year-round resident of the Bay Head and Mantoloking area, Ed combines his outstanding local knowledge and connections with his 20 year...
2021 was quite the year!
Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%.
2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market.
Our 2021 Year in Review market update showcases everything you need to know about local real estate trends as we head into the new year.
Our Team's 2021 In Review
$38,231,068
Total Sales Volume
18
Properties Sold
Our 2021 Year in Review
(Statistics below are totals or averages for 2021 for Bay Head & Mantoloking combined)
2.83 Months of Supply
This is a seller's market. (Above number is as of December 2021)
59
New Listings
45
Under Contract
68
Active Listings
46
Closed Sales
Homes Sold
92%
Sale-to-List Price
$2,631,471
Average Sales Price (Year 2021)
76
Average Days on Market (Year 2021)
Curious about how your home's value changed in 2021?
We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information heading into 2022.