Gloucester Twp New Jersey Homes For Sale and Real Estate Market Reports 2011- 2012 Comparisson
For Gloucester Twp. NJ and many other areas, 2012 proved to be a much better market for real estate. In fact on a personal note, 2012 proved to be a great year in real estate. The following data comes from TReND MLS and although deemed reliable, it may not be 100% accurate. So let’s get on with the comparison.
For 2012 in Gloucester Twp, March seemed to be when the most homes were listed which was 113, with February running a close second at 105 homes listed. In 2011, March and May were tied for the most homes listed at 120. A total of 1056 homes where listed in 2012 and 2011 we saw 1052 homes listed in our community. In 2012 the listed average for Gloucester Twp. NJ was $166,156 while for 2011 we had a listed average slightly higher of $168,438. (This comparison does NOT break down types of property)
Which brings us to the good news – in 2011 there were 402 homes that went pending, however in 2012 we see a significant increase to 489 homes pending. The busiest month for homes going to pending status for 2011 was August with 47 pending and October and July being tied for second at 40 homes pending. In 2012 the busiest month for pending’s was August with 55 homes going pending and July coming in second with 50.
Units sold – for 2011 the largest number of homes sold was in the month of September with 43 and April at a close second for 42. In 2012 we had a great month of September with 45 homes sold and a 3 way tie for August, July and April at 44 homes sold. Homes sold in 2011 – 357 and homes sold in 2012 474.
DOM or Days On Market drop a bit for 2012. The average days on market for 2011 was 126 days, while 2012 went down to 118 DOM. Mostly good news to report!
The charts below would give a good visual of the comparison.
Dave Sulvetta REALTOR with Re/Max Connection
Search local Gloucester Twp NJ Homes For Sale here.