Year To Date Housing Market Snapshot – Nov’09

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%)