Delran Real Estate - May'07 Market Update

Hello again! Here is the May 2007 Delran Real Estate update. This month, 14 homes sold with an average price of $297k. These homes were on the market for an average of 78 days, however as you see in the data below, many sold within a month. If you were thinking of buying in Delran, the choices continue to grow as 27 homes were listed this past month.

Here is a snapshot of activity over the past 3 months. As you can see, the average days on market continues to stay close to 80 days.

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
May 2007	27	8,493,500	314,574	12	14	4,158,500	297,035	78
Apr 2007	34	10,983,672	323,049	16	12	3,340,472	278,372	82
Mar 2007	35	11,377,289	325,065	12	15	4,013,527	267,568	87

Totals:	96	30,854,461	321,400	40	41	11,512,499	280,792	82

Here are some of the details of homes sold in May:

Subdivision	Street	Days on Market	Sold Price
None Available	Brown St	19	194,900
Garden Club	Natalie Rd	64	200,000
Garden Club	Natalie Rd	161	207,000
None Available	Oberlin Ave	18	229,900
Delcrest	Drexel Ave	38	240,000
Summerhill	Primrose Ln	21	242,000
Summerhill	Meadow Ln	29	244,900
Tenby Chase	Black Baron Dr	11	259,900
Cambridge	Main St	42	315,000
Tenby Chase	Fullwood Rd	178	319,900
Tenby Chase	Burning Tree	144	327,500
Tenby Chase	Coopers Kill Rd	16	360,000
Grande At Rancocas C	Providence Ct	55	462,500
Waters Edge	Waters Edge Dr	306	555,000