07760 January Market Stats

Rumson Single Family Statistics for January 2015

Summary Statistics
	Jan-15	Jan-14	% Chg	2015 YTD	2014 YTD	% Chg
Absorption Rate	6.79	6.83	-0.59	6.79	6.83	-0.59
Average List Price	$475,107	$461,366	2.98	$460,108	$453,300	1.50
Median List Price	$319,000	$299,990	6.34	$311,556	$299,900	3.89
Average Sale Price	$333,574	$336,849	-0.97	$333,574	$336,849	-0.97
Median Sale Price	$270,000	$250,000	8.00	$270,000	$250,000	8.00
Average DOM	87	87	0.00	87	87	0.00
Median DOM	64	59	8.47	64	59	8.47

Sold Listings This Month Year to Date 2015 2014 % Chg 2015 2014 % Chg 0-29,999 17 12 41.7 17 12 41.7 30,000-39,999 7 14 -50.0 7 14 -50.0 40,000-49,999 10 13 -23.1 10 13 -23.1 50,000-59,999 9 13 -30.8 9 13 -30.8 60,000-69,999 15 12 25.0 15 12 25.0 70,000-79,999 7 14 -50.0 7 14 -50.0 80,000-89,999 10 19 -47.4 10 19 -47.4 90,000-99,999 11 14 -21.4 11 14 -21.4 100,000-119,999 23 44 -47.7 23 44 -47.7 120,000-139,999 35 55 -36.4 35 55 -36.4 140,000-159,999 31 43 -27.9 31 43 -27.9 160,000-179,999 26 58 -55.2 26 58 -55.2 180,000-199,999 30 38 -21.1 30 38 -21.1 200,000-249,999 99 123 -19.5 99 123 -19.5 250,000-299,999 94 108 -13.0 94 108 -13.0 300,000-399,999 141 142 -0.7 141 142 -0.7 400,000-499,999 74 82 -9.8 74 82 -9.8 500,000+ 104 147 -29.3 104 147 -29.3 Totals 743 951 -21.9 743 951 -21.9

Pending Listings This Month Year to Date 2015 2014 % Chg 2015 2014 % Chg 0-29,999 13 15 -13.3 13 15 -13.3 30,000-39,999 9 8 12.5 9 8 12.5 40,000-49,999 7 9 -22.2 7 9 -22.2 50,000-59,999 12 7 71.4 12 7 71.4 60,000-69,999 13 8 62.5 13 8 62.5 70,000-79,999 15 13 15.4 15 13 15.4 80,000-89,999 22 12 83.3 22 12 83.3 90,000-99,999 15 14 7.1 15 14 7.1 100,000-119,999 52 37 40.5 52 37 40.5 120,000-139,999 57 56 1.8 57 56 1.8 140,000-159,999 58 49 18.4 58 49 18.4 160,000-179,999 59 45 31.1 59 45 31.1 180,000-199,999 69 47 46.8 69 47 46.8 200,000-249,999 152 111 36.9 152 111 36.9 250,000-299,999 124 91 36.3 124 91 36.3 300,000-399,999 205 156 31.4 205 156 31.4 400,000-499,999 97 106 -8.5 97 106 -8.5 500,000+ 168 139 20.9 168 139 20.9 Totals 1147 923 24.3 1147 923 24.3

Active Listings This Month Year to Date 2015 2014 % Chg 2015 2014 % Chg 0-29,999 63 83 -24.1 83 112 -25.9 30,000-39,999 58 54 7.4 72 70 2.9 40,000-49,999 53 67 -20.9 65 77 -15.6 50,000-59,999 52 66 -21.2 62 78 -20.5 60,000-69,999 49 77 -36.4 68 91 -25.3 70,000-79,999 70 89 -21.3 92 108 -14.8 80,000-89,999 92 114 -19.3 114 135 -15.6 90,000-99,999 87 107 -18.7 115 130 -11.5 100,000-119,999 220 209 5.3 282 264 6.8 120,000-139,999 331 324 2.2 413 417 -1.0 140,000-159,999 312 356 -12.4 401 439 -8.7 160,000-179,999 373 399 -6.5 460 482 -4.6 180,000-199,999 391 450 -13.1 504 525 -4.0 200,000-249,999 982 1028 -4.5 1234 1236 -0.2 250,000-299,999 1083 1113 -2.7 1375 1331 3.3 300,000-399,999 1588 1544 2.8 1958 1880 4.1 400,000-499,999 899 890 1.0 1106 1091 1.4 500,000+ 2175 2067 5.2 2586 2472 4.6 Totals 8878 9037 -1.8 10990 10938 0.5

New Listings This Month Year to Date 2015 2014 % Chg 2015 2014 % Chg 0-29,999 24 31 -22.6 24 31 -22.6 30,000-39,999 18 19 -5.3 18 19 -5.3 40,000-49,999 17 12 41.7 17 12 41.7 50,000-59,999 11 17 -35.3 11 17 -35.3 60,000-69,999 22 15 46.7 22 15 46.7 70,000-79,999 29 16 81.3 29 16 81.3 80,000-89,999 23 30 -23.3 23 30 -23.3 90,000-99,999 30 23 30.4 30 23 30.4 100,000-119,999 88 54 63.0 88 54 63.0 120,000-139,999 106 100 6.0 106 100 6.0 140,000-159,999 94 84 11.9 94 84 11.9 160,000-179,999 110 89 23.6 110 89 23.6 180,000-199,999 127 99 28.3 127 99 28.3 200,000-249,999 299 268 11.6 299 268 11.6 250,000-299,999 338 248 36.3 338 248 36.3 300,000-399,999 496 379 30.9 496 379 30.9 400,000-499,999 271 273 -0.7 271 273 -0.7 500,000+ 564 509 10.8 564 509 10.8 Totals 2667 2266 17.7 2667 2266 17.7

Standard Postcard - Just Sold Postcard - 3 photos - CBNJ1055

Standard Postcard - Just Sold Postcard - 3 photos - CBNJ1055

FHA Loan Now and Conventional Loan Later?

As you probably know by now, mortgage insurance never goes away with FHA loans, unless you put 10% or more down.  Even with 10% or more down, it still lasts for 11 years.  This rule went into effect in June, and it really makes FHA loans pretty unattractive for a lot of people.  

FHA Loan Now and Conventional Loan Later?