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

When looking at the year-to-month actual statistics (using the most recently completed month of June vs. May, 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
06/2008	1374	515	37	$195,351	100
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 still mixed and it appears that it may be attempting to level and hopefully even begin to reverse direction.

The current inventory is 633, with an average monthly Sold of 42, yielding a backlog of 15 months to sell off the inventory at current rates of sale.

Posted Saturday Jul 19

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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