Burlington 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 Burlington County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:

See previous article for prior year 01/200X year-to-date comparisons.

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

The current inventory is 4226, with an average monthly Sold of 405, yielding a backlog of 10 months to sell off the inventory at current rates of sale.