Burlington 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 Burlington 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	11582	4759	41	$274,299	84
05/2008	11778	4870	41	$276,912	82
04/2008	12010	4937	41	$277,836	81
03/2008	12125	5045	42	$278,790	80
01/2008	12315	5169	42	$280,022	79

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

This shows that the trend is still slightly downward, and hopefully will soon begin to level off.

The current inventory is 4267, with an average monthly Sold of 367, yielding a backlog of 11 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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