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

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Mercer 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 for Mercer 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	6938	3167	46	$366,121	84
07/2008	7048	3252	46	$367,289	83
06/2008	7251	3355	46	$366,288	83
05/2008	7467	3451	46	$366,879	83
04/2008	7776	3559	46	$362,752	82
03/2008	7853	3643	46	$363,213	82
01/2008	8131	3903	48	$359,802	82

This shows that the trend is leveling and soon beginning to reverse direction.

The current inventory is 2556, with an average monthly Sold of 263, yielding a backlog of 9 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 12:42 AM

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market trends, new jersey, nj, mercer county

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

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