“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services

Burlington County Year-to-Month Residential Sales Statistics - Through August 2008

When looking at the year-to-month actual statistics (using the most recently completed month of August vs. July, June, 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

08/2008 11190 4453 40 $269,695 86
07/2008 11400 4605 40 $271,472 85
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 slowly downward, but hopefully will soon begin leveling.

The current inventory is 4185, with an average monthly Sold of 342, yielding a backlog of 12 months to sell off the inventory at current rates of sale.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Camden County Year-to-Month Residential Sales Statistics - Through August 2008

When looking at the year-to-month actual statistics (using the most recently completed month of August vs. July, June, May, April, March and January) for Camden 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

08/2008 12197 4648 38.1 $212,517 77
07/2008 12406 4849 39.1 $214,633 76
06/2008 12485 4922 39.4 $215,048 75
05/2008 12724 5101 40.1 $214,872 74
04/2008 12979 5264 40.5 $216,593 73
03/2008 13033 5393 41.3 $217,185 72
01/2008 13266 5783 44.0 $217,372 81

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

This shows that while the trend is now slightly downward, it appears that it is attempting to level and hopefully will soon begin to reverse direction.

The current inventory is 4494, with an average monthly Sold of 357, yielding a backlog of 12 months to sell off the inventory at current rates of sale.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Gloucester County Year-to-Month Residential Sales Statistics - Through August 2008

When looking at the year-to-month actual statistics (using the most recently completed month of August vs. July, June, May, April, March and January) for Gloucester 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

08/2008 6618 2588 39 $237,989 85
07/2008 6725 2707 40 $240,303 83
06/2008 6811 2781 41 $241,069 81
05/2008 6907 2899 42 $242,685 80
04/2008 7053 2959 42 $244,053 80
03/2008 7233 3055 42 $243,945 78
01/2008 7108 3135 44 $245,347 75

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

This shows that the trend is continuing to show a downward tendency, it appears to be slow, and hopefully will start to level and even reverse direction.

The current inventory is 2563, with an average monthly Sold of 199, yielding a backlog of 12 months to sell off the inventory at current rates of sale.

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Mercer County Year-to-Month Residential Sales Statistics - Through August 2008

When looking at the year-to-month actual statistics (using the most recently completed month of  August vs. July, June, May, April, March and January) for for Mercer 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

08/2008 6938 3167 46 $366,121 84
07/2008 7048 3252 46 $367,289 83
06/2008 7251 3355 46 $366,288 83
05/2008 7467 3451 46 $366,879  83
04/2008 7776 3559 46 $362,752 82
03/2008 7853 3643 46 $363,213 82
01/2008 8131 3903 48 $359,802 82

This shows that the trend is leveling and soon beginning to reverse direction.

The current inventory is 2556, with an average monthly Sold of 263, yielding a backlog of 9 months to sell off the inventory at current rates of sale.


Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

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

When looking at the year-to-month actual statistics (using the most recently completed month of August vs. July, June, 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

08/2008 1330 474 36 $193,225 98
07/2008 1336 497 37 $194,257 101
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 slightly downward and hopefully may be attempting to level and even soon begin to reverse direction.

The current inventory is 642, with an average monthly Sold of 39, yielding a backlog of 16 months to sell off the inventory at current rates of sale.

 

 

Copyright 2008 by Lawrence Yerkes. All Rights Reserved.