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.