Salem County Year-to-Month Residential Sales Statistics

When looking at the year-to-month actual statistics (using the most recently completed month of April vs. March vs. January) for Salem 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
04/2008	1351	522	39	$194,137	96
03/2008	1376	563	41	$196,680	97
01/2008	1406	598	43	$195,497	95

This shows that while the trend is still downward, it appears to be slowing and hopefully will soon start to level and even reverse direction.

The current inventory is 581, with an average monthly Sold of 43, yielding a backlog of 13 months to sell off the inventory at current rates of sale.

Posted Saturday May 03

Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services
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Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services: Real Estate Agent in Medford Township, NJ

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