The year to date housing market snapshot is provided by Trend MLS and includes home sales information for transactions recorded from January 1st through February 28th within Burlington, Camden, Gloucester, Mercer, and Salem Counties. The three year comparison is for the same time period in 2007, 2008, and 2009.
Burlington County Single Family Home Sales:
Settled Units:
2007: 582
2008: 454 (2007/2008 change: -21.99%)
2009: 350 (2008/2009 change: -22.91%)
Average Settled Price:
2007: $302,000
2008: $270,000 (2007/2008 change: -10.60%)
2009: $254,000 (2008/2009 change: -5.93%)
Median Settled Price:
2007: $259,000
2008: $230,000 (2007/2008 change: -11.20%)
2009: $220,000 (2008/2009 change: -4.35%)
Average Percentage Settled Price was of Original Listing Price:
2007: 93.68%
2008: 91.99% (2007/2008 change: -1.80%)
2009: 88.56% (2008/2009 change: -3.73%)
Camden County Single Family Home Sales:
Settled Units:
2007: 724
2008: 538 (2007/2008 change: -25.69%)
2009: 395 (2008/2009 change: -26.58%)
Average Settled Price:
2007: $214,000
2008: $205,000 (2007/2008 change: -4.21%)
2009: $183,000 (2008/2009 change: -10.73%)
Median Settled Price:
2007: $192,000
2008: $190,000 (2007/2008 change: -1.04%)
2009: $170,000 (2008/2009 change: -10.53%)
Average Percentage Settled Price was of Original Listing Price:
2007: 94.13%
2008: 91.46% (2007/2008 change: -2.84%)
2009: 88.35% (2008/2009 change: -3.40%)
Gloucester County Single Family Home Sales:
Settled Units:
2007: 416
2008: 278 (2007/2008 change: -33.17%)
2009: 248 (2008/2009 change: -10.79%)
Average Settled Price:
2007: $244,000
2008: $235,000 (2007/2008 change: -3.69%)
2009: $218,000 (2008/2009 change: -7.23%)
Median Settled Price:
2007: $229,000
2008: $215,000 (2007/2008 change: -6.11%)
2009: $200,000 (2008/2009 change: -6.98%)
Average Percentage Settled Price was of Original Listing Price:
2007: 94.11%
2008: 92.57% (2007/2008 change: -1.64%)
2009: 89.22% (2008/2009 change: -3.62%)
Mercer County Single Family Home Sales:
Settled Units:
2007: 433
2008: 311 (2007/2008 change: -28.18%)
2009: 219 (2008/2009 change: -29.58%)
Average Settled Price:
2007: $306,000
2008: $383,000 (2007/2008 change: +25.16%)
2009: $304,000 (2008/2009 change: -20.63%)
Median Settled Price:
2007: $255,000
2008: $280,000 (2007/2008 change: +9.80%)
2009: $245,000 (2008/2009 change: -12.50%)
Average Percentage Settled Price was of Original Listing Price:
2007: 92.18%
2008: 89.85% (2007/2008 change: -2.53%)
2009: 87.67% (2008/2009 change: -2.43%)
Salem County Single Family Home Sales:
Settled Units:
2007: 83
2008: 58 (2007/2008 change: -30.12%)
2009: 36 (2008/2009 change: -37.93%)
Average Settled Price:
2007: $166,000
2008: $204,000 (2007/2008 change: +22.89%)
2009: $148,000 (2008/2009 change: -27.45%)
Median Settled Price:
2007: $142,000
2008: $182,000 (2007/2008 change: +28.17%)
2009: $130,000 (2008/2009 change: -28.57%)
Average Percentage Settled Price was of Original Listing Price:
2007: 93.82%
2008: 90.91% (2007/2008 change: -3.10%)
2009: 83.29% (2008/2009 change: -8.38%)