The South Jersey Real Estate market update is provided for Burlington, Camden, and Gloucester counties.   The data is provided by Trend MLS as of today, August 2, 2011.  The final sales figures for last month aren't available yet, the information is up to date in terms of inventory and currently recorded sales and pending transactions.  Trends data is deemed reliable but not guaranteed.

Burlington County

The Burlington County real estate market currently has 4,326 residential units for sale.  Burlington County has averaged 247 sales per month over the last 12 months, giving Burlington County and inventory accumulation of 17 months.   The average original listing price for homes for sale in Burlington County was $274,092 however the average sold price was $244,819.

Preliminary year over year comparison:

July 2010 Listings: 819
July 2011 Listings: 656

July 2010 Pending / Under Contract: 288
July 2011 Pending / Under Contract:  243

July 2010 Settled/Sold: 265
July 2011 Settled/Sold: 315

Camden County

The Camden County real estate market currently has 4,433 residential properties for sale.   Camden County has averaged 231 sales per month over the last 12 months giving Camden County an inventory accumulation of 19 months.  The average original list price for homes for sale in Camden County was $219,718 and the average sold price was $195,273.

Preliminary year over year comparison:

July 2010 Listings: 809
July 2011 Listings: 666

July 2010 Pending / Under Contract: 285
July 2011 Pending / Under Contract: 226

July 2010 Settled/Sold: 280
July 2011 Settled/Sold: 280

Gloucester County

The Gloucester County real estate market currently has 2,652 residential properties for sale.  Gloucester County has averaged 149 sales per month for the last 12 months, giving Gloucester County an inventory accumulation of 17 months.  The average original list price for homes for sale in Gloucester County was $230,023  and the average sold price was $206,680.

Preliminary year over year comparison:

July 2010 Listings: 475
July 2011 Listings:  422

July 2010 Pending / Under Contract: 173
July 2011 Pending / Under Contract:  167

July 2010 Settled/Sold:  147
July 2011 Settled/Sold: 188