Mount Laurel, NJ Home Sales Report

Roxanne — Tue, 17 Mar 2009 16:20:19 +0000

Mount Laurel, NJ currently has 427 residential properties for sale with an average of 46 properties sold per month giving Mt. Laurel a 9 month inventory accumulation. Although there were less new listings coming onto the market in Feb ‘09, than in Feb. ‘08, the number of properties going under contract (pended) and settled stayed close to the same. The January year over year comparison of the real estate market activity, however, experienced a decline in listings, pendings, and settled properties.

Mt. Laurel Monthly Statistics for February 2008 through February 2009

Date	Units Listed	Listed Average	Pended	Units Sold	Sold Average	Average DOM
Feb 2009	83	308,564	33	30	230,571	73
Jan 2009	111	282,352	28	28	274,882	116
Dec 2008	44	290,418	31	48	282,844	87
Nov 2008	66	332,568	37	24	235,974	65
Oct 2008	92	259,935	36	54	282,696	77
Sep 2008	117	270,979	47	39	284,049	62
Aug 2008	90	300,260	46	64	301,057	78
July 2008	109	306,118	52	56	244,641	70
June 2008	117	301,050	56	78	267,309	80
May 2008	118	309,991	76	49	238,918	70
Apr 2008	123	285,393	51	51	242,774	60
Mar 2008	117	299,870	59	34	264,639	101
Feb 2008	109	292,811	35	29	263,231	82

Totals:	1296	294,441	587	584	264,957	77

Inventory Accumulation for the Last 12 Full Months


Current Inventory *	Inventory Volume	Current Average	Average Monthly Sales**	Inventory Accumulation ***
427	142,437,168	333,576	46	9

*Current Inventory is based on the actual available properties on the date this report was created.
**Average Monthly Sales is the average sales for the last 12 full months
***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices	Maximum Prices	Average Prices
Original List Price : $114,900	Original List Price: $889,900	Original List Price: $285,361
Sold Price : $109,000	Sold Price: $835,000	Sold Price: $264,957

Inventory Accumulation figures are only calculated when Report End Month is the current month

Market Statistics Criteria Used
Date Range:	2/2008 to 2/2009
Price Range:	$0 to $9,999,000
Property Category:	Residential
Area:	Mount Laurel Twp

South Jersey » Market Conditions

Mount Laurel, NJ Home Sales Report