The real estate market inventory firgures for each county within South Jersey are provided by Trend MLS as of this morning. The inventory accumulation figures are based of the previous 12 month’s average sales divided into the current number of active listings. The data provided is for residential listings only, and does not include commercial or multi-family sales data. Data provided for Burlington County, Camden County, Gloucester County, Mercer County, and Salem County
Burlington County
Number of Listings: 4,183
Average number of sales per month: 380
Housing Inventory Accumulation: 11 months
Camden County
Number of Listings: 4,310
Average number of sales per month: 405
Housing Inventory Accumulation: 10 months
Gloucester County
Number of Listings: 2,452
Average number of sales per month: 227
Housing Inventory Accumulation: 10 months
Mercer County
Number of Listings: 2,695
Average number of sales per month: 274
Housing Inventory Accumulation: 9 months
Salem County
Number of Listings: 581
Average number of sales per month: 43
Housing Inventory Accumulation: 13 months
*Information deemed reliable but not guarenteed, subject to errors and omissions.
**Inventory Accumulation = The number of months it will take to sell the current housing inventory. (Current Inventory Units / Average Monthly Sales )
The April home sales data will be available in a few days. Based on the preliminary figures however, we can expect another month of declined sales in the area compared to the April sales data for previous years.
One Comment
Can i request to have a market updated emailed?
My friends Doug and Cari are thinking about moving and I’d like to be able to point them to some current stats in their area.
Thanks.
Matt Pellerin - Realtor