Housing Inventory: Average Listing Price Month-Over-Month in Somerset County, NJ

Observations

Feb 2025: -0.58

Updated: Feb 27, 2025 4:48 PM CST

Feb 2025:	-0.58
Jan 2025:	-4.15
Dec 2024:	1.45
Nov 2024:	-5.84
Oct 2024:	1.68

Units:

Percent,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Housing Inventory: Average Listing Price Month-Over-Month in Somerset County, NJ	2020-03-05	2025-02-27

Source

Realtor.com	2020-03-05	2025-02-27

Release

Housing Inventory Core Metrics	2020-03-05	2025-02-27

Units

Percent	2020-03-05	2025-02-27

Frequency

Monthly	2020-03-05	2025-02-27

Seasonal Adjustment

Not Seasonally Adjusted	2020-03-05	2025-02-27

Notes

The average listing price in a given market during the specified month.	2020-03-05	2021-12-01
The average listing price in a given market during the specified month. With the release of its November 2021 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology uses the latest and most accurate data mapping of listing statuses to yield a cleaner and more consistent measurement of active listings at both the national and local level. The methodology has also been adjusted to better account for missing data in some fields including square footage. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since December 2021 will not be directly comparable with previous data releases (files downloaded before December 2021) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/).	2021-12-02	2022-09-28
The average listing price in a given market during the specified month. With the release of its September 2022 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology updates and improves the calculation of time on market and improves handling of duplicate listings. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since October 2022 will not be directly comparable with previous data releases (files downloaded before October 2022) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/). With the release of its November 2021 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology uses the latest and most accurate data mapping of listing statuses to yield a cleaner and more consistent measurement of active listings at both the national and local level. The methodology has also been adjusted to better account for missing data in some fields including square footage. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since December 2021 will not be directly comparable with previous data releases (files downloaded before December 2021) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/).	2022-09-29	2025-02-27