Moorestown Real Estate - May'07 Market Update

Here is the May 2007 Moorestown Real Estate Update. This past month, 16 homes sold with an average price of $604k. These homes sold after an average days on market of 138. The days on market average this month is much higher because a couple of homes that sold were on the market a long time which is affecting the average. If you're thinking of buying, your choices continue to grow as an additional 61 homes went on the market. It appears that twice as many homes are being listed for sale then those that are selling.

Here is a snapshot of activity over the past 3 months:

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
May 2007	61	42,039,083	689,165	20	16	9,657,000	603,562	138
Apr 2007	54	41,328,897	765,349	18	26	15,093,600	580,523	69
Mar 2007	52	31,277,549	601,491	27	26	12,361,090	475,426	84

Totals:	167	114,645,529	686,500	65	68	37,111,690	545,760	91

Here are some details of the homes that sold this past month:

Subdivision	Street	Bd - Bth	Days on Market	Sold Price
Red Leaf Woods	Crider Ave	2 2/0	67	168,000
None Available	Devon Rd	3 2/0	55	220,000
None Available	E Camden Ave	3 1/0	269	256,500
None Available	Creek Rd	4 1/1	47	300,000
Strawbridge Lake	Haines Dr	3 1/1	63	325,000
Laurel Creek	Palmer Dr	2 2/1	1	385,000
None Available	Pembrook Ave	4 3/0	14	387,000
None Available	E Main St	4 2/0	579	488,000
Town Center	Gregory Ct	4 2/1	8	655,000
Moorestown Hunt	Bramley Rd	4 2/1	23	685,000
None Available	Creek Rd	4 3/0	274	699,000
Windermere	Windermere Dr	4 3/1	99	762,500
None Available	E Central Ave	4 3/1	10	870,000
Wexford Estates	Castleton Ln	4 4/1	16	1,041,000
Golfview	Golf View Rd	9 5/2	674	1,160,000
None Available	E Central Ave	4 3/2	22	1,255,000