The latest report from MyMarketPulse (mymarketpulse.com) has been published, offering a comprehensive review of Cape May County, New Jersey’s real estate market for February 2024.
The report shows that the Median Sale Price in Cape May County reached $454,000 as of February 2024, marking a decrease of 34.00% over the previous month and a 14.30% drop compared to a year ago.
Sales of homes in the region saw 65 homes changing hands. This represents a decline of 20.70% from the month before and down 8.50% compared to the same month last year.
Homes remained on the market for a median of 38 days, which is down 19 days from the month before and down 55 days from the previous year.
With the Market Pulse Score sitting at 85, the trend in Cape May County’s housing market seems to be falling.
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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