10 May 2015

2015 Real Estate Sales Statistics Middlesex County

2015 Middlesex County Real Estate Statistics
Closed Residential One Family SalesMortgage Interest Rates Down
Middlesex County, New Jersey
Year to Date March Comparison
for Years 2011-2015

Curious about real estate sales statistics for 2015 in Middlesex County, New Jersey.
How about real estate statistics in your town, or in surrounding communities?

Real estate is local, and yes, real estate market values and sale prices vary from neighborhood to neighborhood, Town to Town and County to County. And yes, real estate sales statistics will also vary.

There is also another difference in reviewing statistical real estate reports. Is the data average sale price or is it median sale price. There is a difference in median and average.

The reports below are Average Sale Price statistics.

MLS Stats_Middlesex County_Town YTD Comparison_First Quarter_2010_2011_2012_2013_2014_2015_Page_1RevisedMLS Stats_Middlesex County_Town YTD Comparison_First Quarter_2010_2011_2012_2013_2014_2015_Page_2

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From Wikipedia, the free encyclopedia:
Median: In statistics and probability theory, the median is the number separating the higher half of a data sample, a population, or a probability distribution, from the lower half. The median of a finite list of numbers can be found by arranging all the observations from lowest value to highest value and picking the middle one (e.g., the median of {3, 3, 5, 9, 11} is 5). If there is an even number of observations, then there is no single middle value; the median is then usually defined to be the mean of the two middle values [1] [2] (the median of {3, 5, 7, 9} is (5 + 7) / 2 = 6), which corresponds to interpreting the median as the fully trimmed mid-range.
Average: An average is the sum of a list of numbers divided by the number of numbers

The statistics above are average sale prices. Take a look at the chart below to see the difference difference in average sale price and median sale price in the few Towns analyzed from the chart above.

Median Sale Prices_3.31.15The sales  statistics from above were obtained by searching the Middlesex County MLS. However, there are home for listings in Middlesex County towns where the the Listing Broker is not a Member of the Middlesex County MLS, but is a member of a surrounding Multiple Listing System, such as the Monmouth County MLS, Trend MLS or Garden State MLS and the listing is not submitted to Middlesex MLS. The statistical chart below, provided by NJ REALTORS, shows the Median Sales Price for Middlesex County Sale Transactions as accumulated from all Multiple Listing Systems.

Statistics for All MLS Reported Sales in Middlesex
Statistics for All MLS Reported Sales in Middlesex

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Interested in reliable real estate statistics where you live. Contact your REALTOR, and I am sure they can provide similar information, and a current Market Analysis if needed. Not sure about who to call, just ask, and I will be happy to help!

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