Median Price of Rumson Homes Continues to Increase

Rumson REALTOR Len Dunikoski

Leonard “Len” Dunikoski, SRES
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

At the end of 10 months, the median price of single-family homes sold in Rumson has increased by 7% compared to a year ago. In a way this is a pleasant surprise, since fewer homes have sold this year and more homes are on the market. Here are the numbers:

Rumson Home Sales, January – October (10 Months Year To Date)
2011 2012 Comment
Sales (Demand) 92 82 11% fewer homes sold this year.
Listings (Supply) 70 76 9% more homes on market.
Months’ Supply (Absorption Rate) 8.2 9.8 Demand vs. supply getting weaker.
Average Sale $ (Value) $1,489,794 $1,234,114 17% lower average sales price.
Median Sale $ (Value) $1,117,500 $1,197,500 7% higher median sales price.

Information believed to be correct but not guaranteed.

This entry was posted in Rumson Homes Sold, Rumson Local Expert, Rumson NJ Real Estate, Rumson Real Estate, Rumson Realtor and tagged , , . Bookmark the permalink.

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