The number of units sold stayed stable in portions of the South Jersey Shore real estate market in October, 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 based on data provided by the South Jersey Shore and Cape May County multiple listing services and their member associations of Realtors and include 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 remained the same or decreased. Atlantic County experienced no change and Cape May County saw a 2 percent decrease. Median sale prices in the area decreased compared to October 2014, with a 9 percent decrease seen in Cape May County, and an 11 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 12 percent, while there was no change in Atlantic County. In Atlantic County the days on market (DOM) average was 178 days, followed by Cape May County with a DOM average of 179 days.

“Consumer confidence increased once again in October and the labor market’s performing well ”“ both of which are good news for the economy,” said Jeffrey S. Detwiler, chief operating officer of The Long & Foster Companies. “At Long & Foster, business remained steady, including in the South Jersey Shore region where inventory remained low. We predict to see continued stability in housing as 2015 comes to a close.”

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. Information included in this report is based on data supplied by SJS and CMC, which is not responsible for its accuracy. The reports do not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of SJS, CMC or Long & Foster Real Estate, Inc.