Real Estate Blog - Burlington County Year-to-Month Residential Sales Statistics

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Burlington County Year-to-Month Residential Sales Statistics

When looking at the year-to-month actual statistics (using the most recently completed month of March vs. January) for Burlington County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:

Yr Ending	Units Listed	Units Sold	% Sold	Sold Avg.	Avg. Dom
03/2008	12125	5045	42	$278,790	80
01/2008	12315	5169	42	$280,022	79

See previous article for prior year 01/200X year-to-date comparisons.

This shows that while the trend is still downward, it is slowing and hopefully will soon start to level and even reverse direction.

The current inventory is 4166, with an average monthly Sold of 388, yielding a backlog of 10 months to sell off the inventory at current rates of sale.

Posted by Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services on 04/26/2008 06:03 PM

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market trends, new jersey, nj, burlington county

Originally posted at: Southern New Jersey Overlook: Burlington County Year-to-Month Residential Sales Statistics

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