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A newly released study ranks Asbury Park as one of easiest places to sell a home in the state.

The Jersey Shore city ranked 8 in the compiled list, based also on risk, stability and affordability, according to a news release from Smart Asset.

The New York based company uses software and data to provide simple, easy to understand answers to complex financial questions, according to its website.

“A healthy housing market is both stable and affordable,” reads a statement on the company’s website. “Homeowners in a healthy market should be able to easily sell their homes, with a low risk of losing money over the long run. So, in order to find the healthiest housing markets in the country, we considered the following four factors: stability, affordability, fluidity and risk of loss.”

Officials said affordability accounted for 40% of their health index, while each of the other three factors accounted for 20%.

According to a statement by the company founded by Michael Carvin and Philip Camilleri the methodology involved measuring stability by equally measuring the number of years people remain in their homes and the percentage of homeowners with negative equity [since homeowners with negative equity are more likely to go into foreclosure].

The study also took into account the percentage of homes that decreased in value, the average time a for-sale home spent on the market, affordability based on monthly cost as a percentage of the household’s.

The top ten list was led by Hackettstown, followed by Hoboken, Union City, Westwood, Bridgeton, Passaic, Morristown, Asbury Park, Chatham, and Newton, in order of progression.

For Asbury Park, homeowners spent 24.7 percent of their household income on their mortgage and associated costs, and stayed an average of 12.4 in the house but their homes stayed an average of 62.4 days on the market.

Locally, Berkshire Hathaway HomeServices Vail Coastal Properties, researcher Andrew J. Talcott said their market analysis data not only shows an uptick in single-family home sales since 2012, but also an increase in the average home sale prices. In 2012, a single-family home sold on average for $241,412 compared to 2015 figures showing an average home sale price of $273,619, a 13 percent growth.

Comparably the Mattison Avenue realtor saw a 31 percent increase in sales during the same timeframe.

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