In the month of June there were 193 residential homes on the market for sale -- 48 of those came on the market in June, 42 were under contract, and 46 sold. Of the 46, the average sales price was $665,997 and the median sales price was $630,000. These homes sold, on average, at 99% of list price in 92 days.
Although the sales numbers are a marked increase from last month, they are a mixed bag versus June 2011. The positive side is 16 additional homes sold last month and the median sales price was $15,401 more, when compared to June 2011. The negative side, the average sales price was $88,920 less than last year with the June 2011 average sales price coming in at $754,917. Of the 30 residential homes sold in June 2011, they sold at an average of 99% of list price in 72 days.
The most expensive home sold at 495 Park Street for it's asking price of $1,999,999 in 68 days. The least expensive home that sold was a 1 bedroom, 1 full bath condo at 16 Forest Street for $145,000. A home that sold close to the average sales price is 32 Franklin Place, the 7 bedroom, 4 full baths and 1 half-bath for $670,000.
There were also 3 multi-family home sales and 55 rentals completed. However, note all of these figures are from the Garden State Multiple Listing Service (GSMLS) and do not include all new construction or private sales/rentals; many rentals are completed without a real estate agent.