The 4th quarter Burlington County housing market activity in 2007 as compared to the 4th quarter in the previous four years shows a slow down in pending sales and homes sold, with a longer amount of time on the market. 

Burlington County 4th Quarter New Property Listings:

• 2007: 2,268
• 2006: 2,359
• 2005: 2,202
• 2004: 1,968
• 2003: 1,806

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The number of homes sold within Gloucester County did decline in 2007, however the county overall experienced an increase in median sales price.  The number of listings increased compared to 2006, and the number of days on the market for sold properties increased as well.

2007 Gloucester County Housing Market Activity as per Trend MLS:

Number of Properties Sold: 3,206

Median Sold Price:  $224,000

Median Days on Market: 57

Average Sold Price received from Original Listing Price:  94.28%

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Camden County experienced a slow down in housing sales in 2007 compared to the 2006 year end results.  The median sales price slightly increased for the county overall but the increase was minimal.  A significant increase in the median sales price was seen within the condo market.  The number of listings and the number of days on the market for sold properties also increased.

2007 Camden County Real Estate Market Activity as per Trend MLS:

Number of Properties Sold: 5,917

Median Sold Price:  $195,00

Median Days on Market: 52

Average Sold Price received from Original Listing Price:  94.38%

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The nation wide real estate market slow down did have an impact on Burlington County along with most other counties we service in South Jersey.  In 2007, Burlington County experienced a decline in number of residential properties sold, an increase in days on market, and a decline in median sales price compared to 2006. 

2007 Real Estate Market Activity as per TrendMLS:

Number of Properties Sold: 5,427

Median Sold Price:  $240,000

Median Days on Market: 59

Average Sold Price received from Original Listing Price:  94.37%

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