The following information reflects the residential real estate sales and housing market activity within Burlington County, NJ for the month of August, 2007. I've also included August 2006 for an activity comparison.
August 2007 Real Estate Activity:
Homes Listed: 1036
Homes Pended: 372
Homes Sold: 553
Average days on market: 73
Median sales price for single family houses: $274,000
Median sales price for condos: $176,000
Sellers received an average of 93% of the original list price on single family homes, and received an average of 95% of the original list price on condominiums.
August 2006 Real Estate Activity Comparison:
Homes Listed: 1160
Homes Pended: 511
Homes Sold: 656
Average days on market: 53
Median sales price for single family houses: $271,000
Median sales price for condos: $176,900
Sellers received an average of 95% of the original list price on single family homes, and received an average of 97% of the original list price on condominiums.
**Information from Trend MLS deemed reliable but not guaranteed.
The data shows an overall slowdown in activity for August 2007 compared to the activity in August 2006 in Burlington County. The median sales price this month reflects a slight increase compared to the previous year for single family houses, while the condo median sales price slightly decreased.
Feel free to contact me to request the market data for any particular town within Burlington County.