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Elliman Report: Manalapan, Hypoluxo Island & Ocean Ridge Sales 1Q 2021

The market saw record prices, heavy sales volume, and listing inventory falling to new lows. The number of sales surged 133.3% to 28 from the year-ago quarter as listing inventory plunged 67.1% to 23 over the same period. As a result, the pace of the market accelerated. The average months of supply, a measure of the number of months to sell…

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