Home > Blogs > Lawrence Yerkes > Southern New Jersey Region Overlook!

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

By Lawrence Yerkes

Real Estate Agent with RE/MAX Preferred

September 04, 2008 06:32 PM

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 Burlington 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	11190	4453	40	$269,695	86
07/2008	11400	4605	40	$271,472	85
06/2008	11582	4759	41	$274,299	84
05/2008	11778	4870	41	$276,912	82
04/2008	12010	4937	41	$277,836	81
03/2008	12125	5045	42	$278,790	80
01/2008	12315	5169	42	$280,022	79

See previous article for prior year 01/200X year-to-date comparisons.

This shows that the trend is still slowly downward, but hopefully will soon begin leveling.

The current inventory is 4185, with an average monthly Sold of 342, yielding a backlog of 12 months to sell off the inventory at current rates of sale.