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ew data from Realtor.com reveals that home sale prices in Monmouth County, New Jersey, declined in December compared to the previous month. The median home price dropped 1.9% to $666,990, down from November's median of $680,000. This decrease is a contrast to the same period last year, when prices rose 11.2% from $600,000.

    Breaking down the numbers by property type, single-family homes saw a 1.8% decline in median price to $699,500, while condominiums and townhomes experienced a 10.9% drop to $450,000. However, both types of properties showed significant year-over-year gains, with single-family homes up 8.5% and condominiums/townhomes up 11.1%.

    Monmouth County recorded 688 home sales in December, a 9.9% increase from the same period last year. The total value of these sales reached $593.1 million.

    Statewide in New Jersey, median home prices decreased by 0.2% to $509,857, while the number of recorded sales rose by 13.5%. The total value of residential home sales across the state increased by 9.5% to $5.6 billion.

    Notably, high-end sales saw significant growth, with 11.04% of homes selling for over $1 million in December, up from 9.07% last year.