The Mount Laurel Real Estate market is outperforming the Burlington County market. While Pended units through October are down 95 and Sold units are down 88 versus the same period in 2006; listed units are also down by 157 units in the same period. This has led to a current inventory of 454 units. Mount Laurel has been averaging 62 units sold per month which means there is currently 7 months worth of inventory in Mount Laurel. This beats the overall Burlington County market, which has 10 months worth of inventory. An inventory accumulation rate of 7 months represents a fairly balanced market, especially given the time of year.
Year to date through October, Mount Laurel has an average sale price of $284,580 which is 3.59% higher then the sold average in 2006. Burlington County's average sale price during the same period is basically flat at a 0.03% increase.
What does all this mean? It means that Mount Laurel is outperforming the Burlington County market and is in fact one of the most balanced markets within the county. How do you take advantage of this market? Whether you're buying or selling, your first step should be to enlist the guidance of a full time professional realtor who can help you reach your real estate goals and dreams.
The chart below provides you with the October year to date numbers for listed, pended and sold units. You'll notice that the number of units listed in October was below September and August's totals and represents a steady decline since April.
If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.
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