How Is Atlantic County, NJ faring in the number of New Property Listings?

Well, let’s see. Comparing data from May 2010 to May 2011 the number of new properties listed is down by six percent. The data says that in May 2010 the number of new properties listed were at 469 and in May 2011 the number dropped to 442. However, median prices seems to have risen. In May 2010 the median price was $259,999.  In May 2011 the median price for new listed properties rose to $269,212. This represents a $9,213 increase in price. What does that mean for home sellers in Atlantic County, NJ? Please keep in mind these numbers represent properties that are listed at full market value vs. bank properties which usually sell for less because the bank accepts less, otherwise known as a short sale.

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