MyMarketPulse (mymarketpulse.com) recently disclosed its July 2024 findings on the housing market conditions in Cape May County, New Jersey.
July 2024’s data reveals a Median Sale Price of $625,000 for homes in Cape May County. This figure represents a growth of 30.2% month-over-month and a 25.0% year-over-year decrease.
83 homes were sold, a decrease 14.4% from the previous month and a decrease of 7.8% from the prior year.
Additionally, the Median Days on Market for listings was observed at 42 days, 13 days longer compared to the previous month and longer by 20 days from last year.
The Market Pulse Score for Cape May County comes in at 97, pointing to a declining trend within the local real estate market.
For more information about the Cape May County, New Jersey market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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