The number of units sold increased in the South Jersey Shore real estate market in July, according to the Long & Foster Market Minute reports. The South Jersey Shore market includes Atlantic and Cape May counties. The Long & Foster Market Minute reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales.

When compared to the same month in 2014, the number of units sold in the South Jersey Shore region increased. Cape May County experienced a 36 percent jump and Atlantic County saw a 20 percent increase. Median sale prices in the area varied compared to July 2014, with an 18 percent increase seen in Cape May County, and a 6 percent decline in Atlantic County.

Active inventory varied in the region when compared to year-ago levels. In Cape May County, active inventory decreased by 13 percent, while it increased by 7 percent in Atlantic County. In Atlantic County the days on market (DOM) average was 101 days, followed by Cape May County with a DOM average of 195 days.

“The United States’ economy has been having a good summer, and the positivity we’ve been seeing in previous months continued in July. The real estate industry also reflected these trends, which was evident in the number of homes sold in the south Jersey Shore region,” said Jeffrey S. Detwiler, president and chief operating officer for The Long & Foster Companies. “We feel confident that we’ll continue to see improvements in the market, and look forward to what the end of summer and start of fall will bring.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.