Burlington 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 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.

 

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

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