Members: 106,838 -
2,282 Online Now
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Members: 106,838 -
2,282 Online Now
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| Buyer's Market | 1 | 2 | 3 | 4 | 5 | Seller's Market |
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Burlington County Labor Market
Employment declined by 8,515 jobs in January and February. The job losses brought about an increase in the average monthly unemployment rate fro 3.5% in the first quarter to 4.5% for the first two months of the second quarter. Despite the job losses, the job situation still remains strong in Burlington County. Combined with historically low mortgage rates, homes sales should continue at a strong pace.
Burlington County Housing Market
| Q4 2007 | Q1 2008 | Q2 2008 (Forecast) | |
| Average Price | $262,400 | $255,200 | é |
| # Homes on the Market* | 3,624 | 4,198 | ó |
| " Homes Sold | 1,166 | 880 | ê |
| #New Homes Built ** | 170 | 52 | ê |
| Average # of Days on Market | 83 | 91 | é |
* Available as of Mar 31 2008
** During the first two months of 1st quarter
This information has been reprinted from the Economic and Market Watch Report with permission from TREND.