Burlington County NJ 2005 Market Data
Posted on January 5, 2006
Filed Under Real Estate News
The Burlington County New Jersey real estate market data for 2005 shows a strong first and second quarter for real estate sales. The second half of 2005 shows the steady decline in homes sales from August through December.
Burlington County Jan - Dec 2005
11069 residential properties listed 7580 sold
The average number of homes sold per month for 2005 was 632 and the average days on market was 50. We entered January 2006 with 2122 homes on the market. Based on the average sold the current inventory is aprroximately 3.4 months.
Burlington County Jan - Dec 2004
10211 residential properties listed 7661
The average sold per month was 638 and the average days on the market was 49.
Based on Information from Trend
Burlington County experienced a slight softening compared to 2004 but still more favorable towards sellers. If 2006 follows the same trend as the fourth quarter of 2005 we should be experiencing a more balanced market.
About this Post
Permalink | Trackback |
|
Print This Article |
[...] The real estate market statistics for Gloucester County New Jersey showed an increase in overall activity in Gloucester County compared to 2004 for both buyers and sellers due to the market activity in the first half of 2005. The second half of 2005 experienced the same decline in activity as both Burlington and Camden Counties . [...]
[...] This gives us a 22% decrease in market activity in Jan 2006 compared to Jan 2005. The current inventory as of February 10, 2006 is 2417 available homes in Burlington County. The average number of homes sold for the last 12 full months is now 575 per month, a 9% decline from the 12 full month average as we entered Jan 2006. Based on the current inventory (as of today) and our 12 full month average of homes sold, we have an inventory accumulation of 4.2 months which is up from 3.4 months at the beginning of January. [...]