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Home Salem County Year-to-Month Residential Sal...

Salem County Year-to-Month Residential Sales Statistics - Through May 2008

When looking at the year-to-month actual statistics (using the most recently completed month of May vs. April, March and 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
05/2008 1364  528 39  $194,997 98
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 the trend is now mixed and it appears that it may be attempting to level and hopefully even begin to reverse direction.

The current inventory is 592, with an average monthly Sold of 44, yielding a backlog of 13 months to sell off the inventory at current rates of sale.



Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Posted Thursday Jun 05