South Jersey » Mercer County

Year To Date Housing Market Snapshot – Nov’09

Roxanne — Thu, 17 Dec 2009 16:28:32 +0000

The year to date South Jersey housing market snapshot is provided by Trend MLS for transactions occuring between Jan. 1 through Nov. 30 with a 3 year comparison for Single Family Home sales.

Burlington County:

Settled Units:

2007: 4,221
2008: 3,285 (2007/2008 change: -22.17%)
2009: 3,139 (2008/2009 change: -4.44%)

Average Settled Price:

2007: $303,000
2008: $284,000 (2007/2008 change: -6.27%)
2009: $257,000 (2008/2009 change: -9.51%)

Median Settled Price:

2007: $263,000
2008: $246,000 (2007/2008 change: -6.46%)
2009: $224,000 (2008/2009 change: -8.94%)

Average Percentage Settled Price was of Original Listing Price:

2007: 94.23%
2008: 91.67% (2007/2008 change: -2.72%)
2009: 90.56% (2008/2009 change: -1.21%)

Camden County:

Settled Units:

2007: 5,019
2008: 3,722 (2007/2008 change: -25.84%)
2009: 3,594 (2008/2009 change: -3.44%)

Average Settled Price:

2007: $224,000
2008: $214,000 (2007/2008 change: -4.46%)
2009: $200,000 (2008/2009 change: -6.54%)

Median Settled Price:

2007: $202,000
2008: $195,000 (2007/2008 change: -3.47%)
2009: $185,000 (2008/2009 change: -5.13%)

Average Percentage Settled Price was of Original Listing Price:

2007: 94.44%
2008: 92.07% (2007/2008 change: -2.51%)
2009: 90.49% (2008/2009 change: -1.72%)

Gloucester County:

Settled Units:

2007: 2,757
2008: 2,053 (2007/2008 change: -25.54%)
2009: 1,999 (2008/2009 change: -2.63%)

Average Settled Price:

2007: $255,000
2008: $242,000 (2007/2008 change: -5.10%)
2009: $223,000 (2008/2009 change: -7.85%)

Median Settled Price:

2007: $235,000
2008: $223,000 (2007/2008 change: -5.11%)
2009: $201,000 (2008/2009 change: -9.87%)

Average Percentage Settled Price was of Original Listing Price:

2007: 94.19%
2008: 92.21% (2007/2008 change: -2.10%)
2009: 90.66% (2008/2009 change: -1.68%)

Mercer County:

Settled Units:

2007: 3,114
2008: 2,365 (2007/2008 change: -24.05%)
2009: 2,315 (2008/2009 change: -2.11%)

Average Settled Price:

2007: $370,,000
2008: $382,000 (2007/2008 change: +3.24%)
2009: $333,000 (2008/2009 change: -12.83%)

Median Settled Price:

2007: $287,000
2008: $289,000 (2007/2008 change: +0.70%)
2009: $257,000 (2008/2009 change: -11.07%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.21%
2008: 91.44% (2007/2008 change: -1.90%)
2009: 89.78% (2008/2009 change: -1.82%)

Salem County:

Settled Units:

2007: 583
2008: 384 (2007/2008 change: -34.13%)
2009: 422 (2008/2009 change: +9.90%)

Average Settled Price:

2007: $191,000
2008: $189,000 (2007/2008 change: -1.05%)
2009: $167,000 (2008/2009 change: -11.64%)

Median Settled Price:

2007: $172,000
2008: $175,000 (2007/2008 change: +1.74%)
2009: $159,000 (2008/2009 change: -9.14%)

Average Percentage Settled Price was of Original Listing Price:

2007: 92.15%
2008: 90.57% (2007/2008 change: -1.71%)
2009: 86.89% (2008/2009 change: -4.06%)

South Jersey YTD Housing Market Snapshot – Feb 09

Roxanne — Wed, 18 Mar 2009 07:37:42 +0000

The year to date housing market snapshot is provided by Trend MLS and includes home sales information for transactions recorded from January 1st through February 28th within Burlington, Camden, Gloucester, Mercer, and Salem Counties. The three year comparison is for the same time period in 2007, 2008, and 2009.

Burlington County Single Family Home Sales:

Settled Units:

2007: 582
2008: 454 (2007/2008 change: -21.99%)
2009: 350 (2008/2009 change: -22.91%)

Average Settled Price:

2007: $302,000
2008: $270,000 (2007/2008 change: -10.60%)
2009: $254,000 (2008/2009 change: -5.93%)

Median Settled Price:

2007: $259,000
2008: $230,000 (2007/2008 change: -11.20%)
2009: $220,000 (2008/2009 change: -4.35%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.68%
2008: 91.99% (2007/2008 change: -1.80%)
2009: 88.56% (2008/2009 change: -3.73%)

Camden County Single Family Home Sales:

Settled Units:

2007: 724
2008: 538 (2007/2008 change: -25.69%)
2009: 395 (2008/2009 change: -26.58%)

Average Settled Price:

2007: $214,000
2008: $205,000 (2007/2008 change: -4.21%)
2009: $183,000 (2008/2009 change: -10.73%)

Median Settled Price:

2007: $192,000
2008: $190,000 (2007/2008 change: -1.04%)
2009: $170,000 (2008/2009 change: -10.53%)

Average Percentage Settled Price was of Original Listing Price:

2007: 94.13%
2008: 91.46% (2007/2008 change: -2.84%)
2009: 88.35% (2008/2009 change: -3.40%)

Gloucester County Single Family Home Sales:

Settled Units:

2007: 416
2008: 278 (2007/2008 change: -33.17%)
2009: 248 (2008/2009 change: -10.79%)

Average Settled Price:

2007: $244,000
2008: $235,000 (2007/2008 change: -3.69%)
2009: $218,000 (2008/2009 change: -7.23%)

Median Settled Price:

2007: $229,000
2008: $215,000 (2007/2008 change: -6.11%)
2009: $200,000 (2008/2009 change: -6.98%)

Average Percentage Settled Price was of Original Listing Price:

2007: 94.11%
2008: 92.57% (2007/2008 change: -1.64%)
2009: 89.22% (2008/2009 change: -3.62%)

Mercer County Single Family Home Sales:

Settled Units:

2007: 433
2008: 311 (2007/2008 change: -28.18%)
2009: 219 (2008/2009 change: -29.58%)

Average Settled Price:

2007: $306,000
2008: $383,000 (2007/2008 change: +25.16%)
2009: $304,000 (2008/2009 change: -20.63%)

Median Settled Price:

2007: $255,000
2008: $280,000 (2007/2008 change: +9.80%)
2009: $245,000 (2008/2009 change: -12.50%)

Average Percentage Settled Price was of Original Listing Price:

2007: 92.18%
2008: 89.85% (2007/2008 change: -2.53%)
2009: 87.67% (2008/2009 change: -2.43%)

Salem County Single Family Home Sales:

Settled Units:

2007: 83
2008: 58 (2007/2008 change: -30.12%)
2009: 36 (2008/2009 change: -37.93%)

Average Settled Price:

2007: $166,000
2008: $204,000 (2007/2008 change: +22.89%)
2009: $148,000 (2008/2009 change: -27.45%)

Median Settled Price:

2007: $142,000
2008: $182,000 (2007/2008 change: +28.17%)
2009: $130,000 (2008/2009 change: -28.57%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.82%
2008: 90.91% (2007/2008 change: -3.10%)
2009: 83.29% (2008/2009 change: -8.38%)

South Jersey Home Sales and Inventory March ‘09

Roxanne — Sun, 15 Mar 2009 20:57:58 +0000

The South Jersey home sales and inventory data is provided by Trend MLS as of March 15, 2009. The information includes residential home sales and listings that have been recorded in Trend MLS within Burlington, Camden, Gloucester, Mercer, and Salem Counties.

Burlington County Home Sales:

Current active listings: 3,745
February new listings: 724
Homes sold per month – 12 month average : 336
February units pending settlement: 245
February units sold: 215
Inventory accumulation: 11 months
Days on Market – 12 month average: 93
Average sold price YTD: $244,007

Camden County Home Sales:

Current active listings: 3,878
February new listings: 748
February units pending settlement: 285
February units sold: 246
Homes sold per month – 12 month average : 321
Inventory accumulation: 12 months
Days on Market – 12 month average: 84
Average sold price YTD: $185,736

Gloucester County Home Sales:

Current active listings: 2,376
February new listings: 488
February units pending settlement: 142
February units sold: 143
Homes sold per month – 12 month average : 200
Inventory accumulation: 11 months
Days on Market – 12 month average: 93
Average sold price YTD: $213,214

Mercer County Home Sales:

Current active listings: 2286
February new listings: 515
February units pending settlement: 196
February units sold: 126
Homes sold per month – 12 month average : 233
Inventory accumulation: 9 months
Days on Market – 12 month average: 87
Average sold price YTD: $300,308

Salem County Home Sales:

Current active listings: 607
February new listings: 88
February units pending settlement: 44
February units sold: 18
Homes sold per month – 12 month average : 31
Inventory accumulation: 19 months
Days on Market – 12 month average: 102
Average sold price YTD: $155,822

Trend MLS disclaimer: Information Deemed Reliable but Not Guaranteed.

Year to Date Housing Market Snapshot – Jan 2009

Roxanne — Wed, 18 Feb 2009 01:22:10 +0000

The housing market snapshot is provided by Trend MLS and includes home sales information for transactions recorded from January 1, 2009 through Jan. 31, 2009 within Burlington, Camden, Gloucester, Mercer, and Salem Counties.

Burlington County Single Family Home Sales:

Settled Units:

2007: 254
2008: 233 (2007/2008 change: -8.27%)
2009: 162 (2008/2009 change: -30.47%)

Average Settled Price:

2007: $330,000
2008: $275,000 (2007/2008 change: -16.67%)
2009: $257,000 (2008/2009 change: -6.55%)

Median Settled Price:

2007: $265,000
2008: $234,000 (2007/2008 change: -11.70%)
2009: $225,000 (2008/2009 change: -3.85%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.04%
2008: 91.26% (2007/2008 change: -1.91%)
2009: 88.69% (2008/2009 change: -2.82%)

Camden County Single Family Home Sales:

Settled Units:

2007: 353
2008: 272 (2007/2008 change: -22.95%)
2009: 159 (2008/2009 change: -41.54%)

Average Settled Price:

2007: $223,000
2008: $200,000 (2007/2008 change: -10.31%)
2009: $182,000 (2008/2009 change: -9.00%)

Median Settled Price:

2007: $192,000
2008: $191,000 (2007/2008 change: -0.52%)
2009: $175,000 (2008/2009 change: -8.38%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.96%
2008: 91.55% (2007/2008 change: -2.56%)
2009: 87.91% (2008/2009 change: -3.98%)

Gloucester County Single Family Home Sales:

Settled Units:

2007: 195
2008: 140 (2007/2008 change: -28.21%)
2009: 120 (2008/2009 change: -14.29%)

Average Settled Price:

2007: $247,000
2008: $222,000 (2007/2008 change: -10.12%)
2009: $215,000 (2008/2009 change: -3.15%)

Median Settled Price:

2007: $229,000
2008: $205,000 (2007/2008 change: -10.48%)
2009: $195,000 (2008/2009 change: -4.88%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.63%
2008: 92.05% (2007/2008 change: -1.69%)
2009: 89.09% (2008/2009 change: -3.22%)

Mercer County Single Family Home Sales:

Settled Units:

2007: 216
2008: 166 (2007/2008 change: -23.15%)
2009: 103 (2008/2009 change: -37.95%)

Average Settled Price:

2007: $294,000
2008: $401,000 (2007/2008 change: +36.39%)
2009: $323,000 (2008/2009 change: -19.45%)

Median Settled Price:

2007: $265,000
2008: $298,000 (2007/2008 change: +12.45%)
2009: $250,000 (2008/2009 change: -16.11%)

Average Percentage Settled Price was of Original Listing Price:

2007: 92.44%
2008: 89.90% (2007/2008 change: -2.75%)
2009: 89.74% (2008/2009 change: -0.18%)

Salem County Single Family Home Sales:

Settled Units:

2007: 43
2008: 30 (2007/2008 change: -30.23%)
2009: 16 (2008/2009 change: -46.67%)

Average Settled Price:

2007: $172,000
2008: $198,000 (2007/2008 change: +15.12%)
2009: $146,000 (2008/2009 change: -26.26%)

Median Settled Price:

2007: $154,000
2008: $182,000 (2007/2008 change: +18.18%)
2009: $135,000 (2008/2009 change: -25.82%)

Average Percentage Settled Price was of Original Listing Price:

2007: 93.30%
2008: 90.52% (2007/2008 change: -2.98%)
2009: 83.08% (2008/2009 change: -8.22%)