Focus On: Burlington County Housing Market Visit RoxanneArdary.

com for South Jersey Real Estate News

Units Sold
270
600 500 400 300 200 100 0 5,000 4,000 3,000 2,000 1,000 0

October 2011
Days On Market
131
140 120 100 80 60 40 20 0

Active Inventory
3,953

Median Sale Price

$210,000
250,000 200,000 150,000 100,000 50,000 0

O-09 F-10

J-10 O-10 F-11

J-11 O-11

O-09 F-10

J-10

O-10 F-11

J-11

O-11

O-09 F-10 J-10 O-10 F-11 J-11 O-11

O-09 F-10

J-10 O-10 F-11

J-11 O-11

Up 3% Vs. Year Ago

Units Sold*
400 350 300 250 200 150 100 50 0
Sold Detached Sold Attached

Down -10% Vs. Year Ago

Down -1% Vs. Year Ago

Up 21% Vs. Year Ago

Sold Condo/ Coop

Units Sold
There was a decrease in total units sold in October, with 270 sold this month in Burlington County versus 294 last month, a decrease of 8%. This month's total units sold was higher than at this time last year, an increase of 3% versus October 2010.

Active Inventory*
5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0
Active Detached Active Attached Active Condo/ Coop

Active Inventory
Versus last year, the total number of homes available this month is lower by 427 units or 10%. The total number of active inventory this October was 3,953 compared to 4,380 in October 2010. This month's total of 3,953 is lower than the previous month's total supply of available inventory of 4,093, a decrease of 3%.

Median Sale Price

250,000 200,000 150,000 100,000 50,000 0

Median Sale Price

Last October, the median sale price for Burlington County Homes was $212,000. This October, the median sale price was $210,000, a decrease of 1% or $2,000 compared to last year. The current median sold price is 1% lower than in September.

Oct-10 $212,000

Oct-11 $210,000

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters knowledgeable and experienced sales associates. Information included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TReND or Long & Foster Real Estate, Inc.

Focus On: Burlington County Housing Market Visit RoxanneArdary.com for South Jersey Real Estate News
New Listings
636
1,200 1,000 800 600 400 200 0 600 500 400 300 200 100 0

October 2011
Months of Supply
14.6
25 20 15 10 5 0

Current Contracts
254

Sold Vs. List Price

94.1%
96% 96% 95% 95% 94% 94% 93%

O-09 F-10

J-10 O-10 F-11

J-11 O-11

O-09 F-10

J-10

O-10 F-11

J-11

O-11

O-09 F-10 J-10 O-10 F-11 J-11 O-11

O-09 F-10

J-10 O-10 F-11

J-11 O-11

Down -5% Vs. Year Ago

Months Of Supply
1 8 .8 1 8 .6

Down -4% Vs. Year Ago

No Change Vs. Year Ago

Down -12% Vs. Year Ago

25 20
1 1 .2 9.0

16 .6

1 6 .7

1 7 .1

1 9 .7

Months of Supply
1 6 .4

1 6 .4

1 6 .3

9 .9

10 5 0

9 .1

15

In October, there was 14.6 months of supply available in Burlington County, compared to 16.7 in October 2010. That is a decrease of 12% versus a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

1 5 .9

1 4 .6

1 5 .3

1 3 .8

1 3 .4

1 3 .4

1 3 .5

1 0 .5

1 1 .0

1 2.1

1 3 .9

1 4.6

New Listings & Current Contracts

1,200
Number of New Listings Total Pending

New Listings & Current Contracts

This month there were 636 homes newly listed for sale in Burlington County compared to 666 in October 2010, a decrease of 5%. There were 254 current contracts pending sale this October compared to 264 a year ago. The number of current contracts is 4% lower than last month.

1,000 800 600 400 200 0

Sale Price/ List Price & DOM

Avg Sale / Avg List Average DOM

96% 96% 95% 95% 94% 94% 93%

140 120 100 80 60 40 20 0

Sale Price to List Price Ratio

In October, the average sale price in Burlington County was 94.1% of the average list price, which is similar compared to a year ago.

Days On Market
This month, the average number of days on market was 131, higher than the average last year, which was 108, an increase of 21%.

*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Fosters knowledgeable and experienced sales associates. Information included in this report is based on data supplied by TReND and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TReND or Long & Foster Real Estate, Inc.