I did a post last year in April on the number of homes for sale throughout the Burlington, Camden, and Gloucester Counties.  You can see the April 2006 Inventory Update post as well as the post I did In May 2006, breaking down the real estate inventory by price range.  I thought it would be a good time to for us to take a look at where the real estate market stands today in comparison.  The numbers being used are for today May 3, 2007 and the inventory numbers for May 8th, 2006.

Burlington County
Current Inventory: 3926 (homes available for sale)
Last Year: 2096
12 Full Month Average of homes sold:475 per month
Last Year: 567 per month
Inventory Accumulation: 8 months
Last Year: 5 months


Camden County
Current Inventory: 3965
Last Year: 2977
Current 12 Full Month Average of homes sold: 507 per month
Last Year: 611 per month
Current Inventory Accumulation: 7 months
Last Year: 4 months

Gloucester County
Current Inventory:   2584
Last Year: 1772
Current 12 Full Month Average of homes sold: 277
Last Year: 313 per month
Current Inventory Accumulation: 8 months
Last Year: 5 months

 

If any buyers or sellers out there would like to share their experiences in today's real estate market we'd like to hear about it.  How has today's market affected your sale or purchase?

--Roxanne