Search
  • Justin Kelly

Gloucester County Housing Market Update - September 2019



Gloucester County home sales rose year-over-year for the month of September as the market continues to thrive with the high buyer demand and low inventory, leading to rapid sales of desirable homes when they hit the market.


Single family home sales for Gloucester County were up 14.1%, totaling 348 sales for the month of September. Along with the increase in sales, there was the increase in median sales price of 12.3%, resulting in a median sales price of $199,000, up from $177,250 in September 2018


Inventory for single family homes in Gloucester County is close to an all-time low. Down 28.2% from September 2018! Demand is high and supply is low!


Inventory accumulation slowed drastically as well, even with the dominant seller's market that we are in. September 2019 inventory is at 410 for single family homes in Gloucester County, down 13.7% from last September!


Days on Market remained relatively the same, with a reduction of 2 days on the market, or down 3.1% from September 2018.



Home sales have seesawed for much of this year as a chronic lack of properties on the market has inflated prices. Now is the time to start thinking if you are ready to sell in the upcoming year or hold for the next few years. At this time, home prices are near the top of the market and soon to peak out!

30 views

John Kelly

Broker/REALTOR®

RE/MAX Connection

Mobile: (609) 790-6079

Office: (856) 681-4024

Email: johnkellyrealestate@comcast.net 

Justin Kelly

Broker-Salesperson/REALTOR®

RE/MAX Connection

Mobile: (609) 444-9704

Office: (856) 681-4025

Email: jkellyrealty@comcast.net

  • Facebook - Black Circle
Thinking about Buying or Selling? Real Estate Questions?

Each office is independently owned and operated. The JK Realty Group is a real estate team brokered with RE/MAX Connection, Realtors. 

* In New Jersey, commissions are negotiable. It is advised that purchasers contact a tax professional about the income tax consequences of a rebate. Rebate is a percentage of the buyer's agent commission. Rebate paid to purchaser shall be in the form of a credit or a check paid by the closing agent, and shall be made at the time of closing. Rebate only awarded if purchaser closes with John Kelly or Justin Kelly as their buyer's agent. Property must be valued at $125,000 or above. Not in combination with any other rebate or referral fee (to licensed buyers) already being given by the JK Realty Group. In accordance with subsection k of NJ Rev Stat § 45:15-17 (2014), NJ Rev Stat § 45:15-16a (2013), and NJ Rev Stat § 45:15-16b (2013).

©Copyright 2018 Justin Kelly. All Rights Reserved