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)

ldunikoski@dianeturton.com

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.

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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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