Market Statistics & Comparison- November 2010 & 2011 Gloucester Township New Jersey

Within this report you will see market statistics and comparison for the Gloucester Twp. NJ Real Estate market for November 2010 and November 2011. This report is for residential properties only, including condos townhouses and single-family residences.

As you can see in November 2010, Fifty nine (59) residential units listed with a listed average of $158,540. Fifteen (15) units pended in November 2010 & twenty seven (27) units sold last November with a sold average of $180,657. The average days on the market were 130. Now this brings us November 2011. Sixty (60) units listed with a listed average of $167,810, twenty seven (27) units pended and 33 units sold with a sold average of $167,566 the average days on market for November 2011 was 101. Now let’s take this data and see with this all means.

For more graphical, please see the chart.

One more unit listed in 2011 than in 2010 however the listed average increased $9270. Twelve (12) more units pended in November of 2011 than 2010, thirty three (33) units sold in 2011 which brings us to six more units selling in November of 2011 than November 2010, however the sold average decreased by $13,091, this could mean many different things. Perhaps more condo’s, foreclosures, or short sales sold in 2011 than 2010. The days on market considerably dropped 29 days, nearly one month less sell a home November 2011 compared to November 2010. That’s great news. Less stay optimistic!

Market Statistics & Comparison- November 2010 & 2011 Gloucester Township New Jersey

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