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

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Salem County Year-to-Month Residential Sales Statistics - Through August 2008

When looking at the year-to-month actual statistics (using the most recently completed month of August vs. July, June, May, April, March and January) for Salem 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
08/2008	1330	474	36	$193,225	98
07/2008	1336	497	37	$194,257	101
06/2008	1374	515	37	$195,351	100
05/2008	1364	528	39	$194,997	98
04/2008	1351	522	39	$194,137	96
03/2008	1376	563	41	$196,680	97
01/2008	1406	598	43	$195,497	95

This shows that the trend is still slightly downward and hopefully may be attempting to level and even soon begin to reverse direction.

The current inventory is 642, with an average monthly Sold of 39, yielding a backlog of 16 months to sell off the inventory at current rates of sale.

Posted by Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services on 09/05/2008 12:16 AM

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market trends, new jersey, nj, salem county

Originally posted at: Southern New Jersey Overlook: Salem County Year-to-Month Residential Sales Statistics - Through August 2008

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