Lumberton Township, NJ: January 2009 Real Estate Statistics, Homes Sales & Analysis

Lumberton Township, NJ: January 2009 Real Estate Statistics, Homes Sales & Analysis

Are homes selling in Lumberton Township, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

The table below shows that in January 2009, Seven (7) homes sold.  Five (5) were single family detached and the remaining two (2) were town homes or condos.  Overall the single family market is stronger than the townhouse market.  7.2% of the single family homes available for sale sold in January.  This leaves an 12.8 month supply.  6.7% of the townhouses were sold leaving a supply of 14 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Lumberton Township, NJ is a Buyers Market. 

 If you have any questions, or are looking to buy or sell a home in Lumberton Township, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)