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

By
Real Estate Agent with RE/MAX Preferred

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.

 

 

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Comments (0)