The figures have been released for July's year to date transactions by Trend MLS. I'll be including the 5 counties handled by Trend (Burlington, Camden, Gloucester, Mercer and Salem). The data is from January 1st, through July 31 and includes a 3 year comparison within the same time frame for Single Family home sales listed through Trend MLS. The figures may be subject to errors and omissions and do not include independant sales. See the definitions of the categories at the end of the post.
Burlington County:
Settled Units:
- 2008: 2,148
- 2009: 1,803 (2008/2009 change: -16.06%)
- 2010: 1.972 (2009/2010 change: 9.37%)
Average Settled Price:
- 2008: $287,000
- 2009: $257,000 (2008/2009 change: -10.45%)
- 20010: $267,000 (2008/2009 change: 3.89%)
Median Settled Price:
- 2008: $250,00
- 2009: $226,000 (2008/2009 change: -9.60%)
- 2010: $230,000 (2009/2010 change: 1.77%)
Average Percentage Settled Price was of Original Listing Price:
- 2008: 92.02%
- 2009: 90.08 % (2008/2009 change: -2.11%)
- 2010: 91.01% (2009/2010 change: 1.03%)
Camden County:
Settled Units:
- 2008: 2,419
- 2009: 2,066 (2008/2009 change: -14.59%)
- 2010: 2,162 (2009/2010 change: 4.65%)
Average Settled Price:
- 2008: $215,000
- 2009: $202,000 (2008/2009 change: -6.05%)
- 20010: $200,000 (2008/2009 change: -0.99%)
Median Settled Price:
- 2008: $198,000
- 2009: $183,000 (2008/2009 change: -7.58%)
- 2010: $180,000 (2009/2010 change: -1.64%)
Average Percentage Settled Price was of Original Listing Price:
- 2008: 92.43%
- 2009: 89.74 % (2008/2009 change: -2.91%)
- 2010: 90.77% (2009/2010 change: 1.15%)
Gloucester County:
Settled Units:
- 2008: 1,341
- 2009: 1,124 (2008/2009 change: -16.18%)
- 2010: 1,197 (2009/2010 change: 6.49%)
Average Settled Price:
- 2008: $241,000
- 2009: $226,000 (2008/2009 change: -6.22%)
- 20010: $217,000 (2008/2009 change: -3.98%)
Median Settled Price:
- 2008: $221,00
- 2009: $205,000 (2008/2009 change: -7.24%)
- 2010: $199,000 (2009/2010 change: -2.93%)
Average Percentage Settled Price was of Original Listing Price:
- 2008: 92.72%
- 2009: 90.27 % (2008/2009 change: -2.64%)
- 2010: 91.67% (2009/2010 change: 1.55%)
Mercer County:
Settled Units:
- 2008: 1,541
- 2009: 1,313 (2008/2009 change: -14.80%)
- 2010: 1,484 (2009/2010 change: 13.02%)
Average Settled Price:
- 2008: $393,000
- 2009: $334,000 (2008/2009 change: -15.01%)
- 20010: $323,000 (2008/2009 change: - 3.29%)
Median Settled Price:
- 2008: $297,00
- 2009: $257,000 (2008/2009 change: -13.47%)
- 2010: $249,000 (2009/2010 change: - 3.11%)
Average Percentage Settled Price was of Original Listing Price:
- 2008: 91.48%
- 2009: 89.14 % (2008/2009 change: -2.56%)
- 2010: 90.72% (2009/2010 change: 1.77%)
Salem County:
Settled Units:
- 2008: 249
- 2009: 244 (2008/2009 change: -2.01%)
- 2010: 260 (2009/2010 change: 6.56%)
Average Settled Price:
- 2008: $195,000
- 2009: $172,000 (2008/2009 change: -11.79%)
- 20010: $159,000 (2008/2009 change: -7.56%)
Median Settled Price:
- 2008: $182,000
- 2009: $161,000 (2008/2009 change: -11.54%)
- 2010: $155,000 (2009/2010 change: -3.73%)
Average Percentage Settled Price was of Original Listing Price:
- 2008: 90.73%
- 2009: 86.29 % (2008/2009 change: -4.89%)
- 2010: 87.80% (2009/2010 change: 1.75%)
Definitions:
- Settled Units: The number of single-family listings settled year-to-date (YTD) through the specified month and year.
- Average Settled Price: The average price that single-family listings have settled for year-to-date (YTD) through the specified month and year. Determined by dividing the Total Settled Volume by the number of Settled Units.
- Median Settled Price: The median price that single-family listings have settled for year-to-date (YTD) through the specified month and year. Determined by arranging all Settled Units year-to-date (YTD) in numerical order by price and then selecting the middle value.
- Average Percentage Settled Price was of Original Listing Price: The average percentage of the Original Price that single-family listings have settled for year to-
date (YTD) through the specified month and year. This number is determined by calculating the Settled Price/Original Price for every listing, summing them and then dividing by the number of settled listings. TREND excludes listings if the Settled Price is greater than 150 percent or less than 50 percent of the Original Price. This ensures the percentage is more representative of listings in the market area.
Notes on Statistics
• All statistics are from TREND’s monthly Residential Activity Reports. While each original version of the Residential Act ivity Report is subsequently updated each of the next two months, any changes will not be reflected in this report. Due to the fluid nature of MLS data, insignificant statistical variations may occur with regard to sales activity between the various TREND reports.
• Mobile homes and condominiums are excluded from these statistics.
• This report includes information on listings and transactions facilitated through TREND and does not reflect the total number of listings and transactions of a given market area.
• All monetary statistics are rounded to the nearest $10.