Brielle Market Update - June 2023
In the month of May, there were 8 closings in Brielle, and 6 new listings. Five properties also went under contract.
Average days on market (76) went up quite a bit, from 22 days, the previous month.
As a result, months of supply has increased to 1.75 months (the number of months required for available inventory to be sell).
Overall, the real estate market in Brielle remains robust despite some minor changes in the past month. As realtors, we believe that it is still an excellent time for both buyers and sellers to get involved in the market. With low inventory, high demand, and reasonable mortgage rates, it's an ideal time for sellers to list their homes, while buyers can still take advantage of fair mortgage rates to purchase their dream homes.
Our market report showcases everything you need to know about local real estate trends. All statistics are for the month just completed, per the MLS as of 6/6/23.
NOTE: If a ↑ or a ↓ accompanies a statistic, that is the direction of the trend from the previous month's number - up or down.
If you have any questions about the market, or are talking about selling or buying, please reach out!
Suzie & Ed
Average Sales Price
Months of Supply
Average Days on Market