The Marlton Real Estate market is outperforming the Burlington County market in some areas and lagging in others. Pended units through October are down 75 and Sold units are down 88 versus the same period in 2006, listed units are also down by 161 in the same period. This has led to a current inventory of 452 units. Marlton has been averaging 53 units sold per month which means there is currently 8 months worth of inventory in Marlton. This outperforms the Burlington County market, which has 10 months worth of inventory. An inventory accumulation rate of 8 months represents a fairly balanced market given the time a year: leaning more towards buyers then sellers.
Year to date through October, Marlton has an average sale price of $283,346 which is 5.94% lower then the sold average in 2006. Burlington County's average sale price during the same period is basically flat at a 0.03% increase.
What does all this mean? It means that Marlton is a market to watch closely. In other words, if you are thinking of buying or selling right now it's important that you seek the advice of a full time professional realtor who can best advise you as to how to take advantage of this market.
The chart below provides you with the October year to date numbers for listed, pended and sold units. You'll notice that the number of units listed in October was above September and August's totals. This is a trend that could effect the inventory accumulation rate if it continues, giving buyers greater control.
If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.
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