Burlington Township, New Jersey 2008 Real Estate Market Statistics
Some of my clients want to know how the real estate market is doing in Burlington Township, NJ. I usually tell them that houses are selling, however.....numbers usually do a better job of explaining the facts. So I will post every month a simple table of market statistics. Just the facts and nothing but the facts.
Burlington Township, NJ Market Statistics December-08 Single Family Homes Townhomes Total Total Inventory 135 Total Inventory 24 159 Settled 9 Settled 2 11 Percentage Sold 7% Percentage Sold 8% 7% Absorption Rate (months) 15.0 Absorption Rate (months) 12.0 14.5
Analysis
In December, 2008, there were 159 homes available for sale in Burlington Township. Eleven (11) of those homes were sold (settled). Very simply, 7% of the total inventory sold or 93% of the inventory did not sell. If we were to continue to sell homes at the rate of 11 per month, it would take us 14.5 months to sell all of the home currently for sale in Burlington Township. This assumes of course that all of the homes currently for sale would remain for sale and that no additional homes would be added to the inventory.
There are many factors that come into play. Each of my clients must make the decision to buy or sell that is right for themselves and their family. If you would like to discuss whether now is the right time for you to buy or sell, please give me a call. There is NO Pressure. In fact, I have told many people that now is not the right time for you to make a move. My clients appreciate my honesty and come back to me when they ARE ready. Funny thing is, they also refer their family, friends and people they care about to me.
Any questions, please, text, email or call me.
Make This YOUR Best Year Ever
Leander
Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)
Comments(1)