Area home sales down, but prices still remaining stable...
The average home sales price in the South Jersey area is down in 2008 so far, but only 2.2% according to Trend MLS. The average sales price fell from $225,000 to $220,000. Also, the average days on the market rose from 43 days last year to 52 days this year.
At the end of June 2008, there were 5,589 homes for sale in Camden County representing an 11 months supply. There were 3,171 homes for sale in Gloucester County representing a 12 months supply. An optimum balanced market is 5 - 5.5 months supply.
Overall, each and every area in our market is different, so please be sure to check with us before you sell or buy!
| Year To Date Statistics |
| June 2008 |
| Courtesy Of : Johnny Jones 856-783-7433 |
| Weichert Realtors-Turnersville 856-227-1950 |
|
| |
Activity This Month |
|
Activity YTD |
|
Activity YTD Last Year |
| |
Total Units For Sale |
Total Units Pending |
Median Pending Price |
Median DOM |
|
Units Sold YTD |
Median Sold Price |
Median DOM |
SPrice/ OPrice |
|
Units Sold YTD |
Median Sold Price |
Median DOM |
SPrice/ OPrice |
| RESIDENTIAL |
| Total TReND Counties |
64,268 |
5,791 |
$230.0 |
42 |
|
30,538 |
$220.0 |
52 |
93.09% |
|
40,260 |
$225.0 |
43 |
95.09% |
| |
|
|
|
|
| Berks County |
4,701 |
385 |
$169.9 |
43 |
|
2,032 |
$161.9 |
51 |
94.48% |
|
2,553 |
$160.0 |
40 |
96.02% |
| Bucks County |
5,503 |
585 |
$304.9 |
35 |
|
2,667 |
$284.0 |
50 |
93.99% |
|
3,423 |
$295.0 |
43 |
95.58% |
| Chester County |
5,032 |
462 |
$324.9 |
36 |
|
2,387 |
$310.6 |
52 |
94.08% |
|
3,026 |
$315.5 |
45 |
95.87% |
| Delaware County |
4,415 |
513 |
$229.9 |
38 |
|
2,686 |
$204.0 |
45 |
93.61% |
|
3,500 |
$210.0 |
33 |
95.25% |
| Montgomery County |
7,136 |
772 |
$279.0 |
35 |
|
3,976 |
$267.0 |
50 |
93.77% |
|
4,920 |
$275.0 |
39 |
95.36% |
| Philadelphia County |
12,731 |
1,154 |
$149.9 |
39 |
|
6,410 |
$140.0 |
47 |
91.50% |
|
8,379 |
$139.0 |
42 |
93.78% |
| Total Pennsylvania |
39,518 |
3,871 |
$237.5 |
38 |
|
20,158 |
$220.0 |
48 |
93.17% |
|
25,801 |
$223.0 |
40 |
94.99% |
| |
|
|
|
|
| Burlington County, NJ |
5,244 |
419 |
$235.0 |
60 |
|
2,163 |
$232.0 |
65 |
92.42% |
|
2,813 |
$244.0 |
59 |
94.93% |
| Camden County, NJ |
5,589 |
408 |
$199.0 |
51 |
|
2,186 |
$191.0 |
59 |
92.44% |
|
3,139 |
$195.0 |
51 |
94.89% |
| Gloucester County, NJ |
3,171 |
183 |
$205.0 |
63 |
|
1,248 |
$212.0 |
66 |
93.00% |
|
1,665 |
$224.8 |
56 |
94.95% |
| Mercer County, NJ |
3,280 |
291 |
$290.0 |
55 |
|
1,443 |
$275.0 |
66 |
91.98% |
|
2,052 |
$269.0 |
63 |
93.74% |
| Salem County, NJ |
742 |
41 |
$181.0 |
69 |
|
203 |
$182.5 |
70 |
90.94% |
|
303 |
$170.0 |
61 |
93.41% |
| Total New Jersey |
18,026 |
1,342 |
$224.9 |
57 |
|
7,243 |
$220.0 |
64 |
92.40% |
|
9,972 |
$226.0 |
56 |
94.63% |
| |
|
|
|
|
| Kent County, DE |
2,083 |
118 |
$210.0 |
42 |
|
638 |
$215.0 |
57 |
94.20% |
|
920 |
$225.0 |
43 |
96.64% |
| New Castle County, DE |
4,641 |
460 |
$225.0 |
43 |
|
2,499 |
$232.0 |
46 |
94.21% |
|
3,567 |
$232.0 |
32 |
96.66% |
| Total Delaware |
6,724 |
578 |
$224.9 |
43 |
|
3,137 |
$228.0 |
49 |
94.21% |
|
4,487 |
$230.0 |
33 |
96.66% |
| |
|
|
|
|
| LOTS AND LAND |
| Total TReND Counties |
4,775 |
78 |
$125.0 |
117 |
|
441 |
$115.0 |
81 |
85.36% |
|
617 |
$130.0 |
73 |
87.27% |
| |
|
|
|
|
| Berks County |
490 |
6 |
$98.9 |
81 |
|
68 |
$115.0 |
58 |
91.13% |
|
70 |
$125.0 |
100 |
90.12% |
| Bucks County |
405 |
7 |
$178.9 |
41 |
|
31 |
$230.0 |
87 |
85.24% |
|
64 |
$210.0 |
73 |
90.63% |
| Chester County |
516 |
11 |
$190.0 |
121 |
|
51 |
$242.5 |
113 |
89.33% |
|
64 |
$170.0 |
79 |
90.97% |
| Delaware County |
138 |
2 |
$10.0 |
49 |
|
17 |
$160.0 |
47 |
94.73% |
|
28 |
$185.0 |
50 |
86.71% |
| Montgomery County |
345 |
7 |
$274.9 |
401 |
|
30 |
$155.0 |
106 |
85.04% |
|
55 |
$180.0 |
64 |
85.67% |
| Philadelphia County |
881 |
22 |
$65.0 |
90 |
|
102 |
$50.0 |
81 |
78.35% |
|
69 |
$55.0 |
74 |
82.79% |
| Total Pennsylvania |
2,775 |
55 |
$149.9 |
121 |
|
299 |
$130.0 |
85 |
85.73% |
|
350 |
$155.0 |
73 |
88.02% |
| |
|
|
|
|
| Burlington County, NJ |
295 |
3 |
$129.9 |
149 |
|
20 |
$90.0 |
55 |
81.78% |
|
30 |
$185.5 |
90 |
87.75% |
| Camden County, NJ |
302 |
1 |
$114.9 |
47 |
|
15 |
$65.0 |
86 |
89.73% |
|
29 |
$70.0 |
41 |
84.63% |
| Gloucester County, NJ |
452 |
5 |
$55.0 |
96 |
|
23 |
$140.0 |
49 |
82.43% |
|
40 |
$72.0 |
61 |
87.75% |
| Mercer County, NJ |
147 |
3 |
$234.9 |
100 |
|
9 |
$125.0 |
188 |
80.86% |
|
19 |
$216.6 |
74 |
85.26% |
| Salem County, NJ |
169 |
4 |
$38.0 |
147 |
|
12 |
$36.0 |
64 |
76.09% |
|
39 |
$97.5 |
235 |
75.87% |
| Total New Jersey |
1,365 |
16 |
$114.9 |
100 |
|
79 |
$82.5 |
79 |
82.67% |
|
157 |
$97.5 |
81 |
83.91% |
| |
|
|
|
|
| Kent County, DE |
495 |
2 |
$59.9 |
10 |
|
47 |
$90.0 |
56 |
87.49% |
|
64 |
$86.0 |
64 |
90.77% |
| New Castle County, DE |
140 |
5 |
$105.0 |
33 |
|
16 |
$170.0 |
114 |
85.27% |
|
46 |
$146.0 |
58 |
88.29% |
| Total Delaware |
635 |
7 |
$90.0 |
33 |
|
63 |
$105.0 |
63 |
86.93% |
|
110 |
$110.0 |
64 |
89.73% |
| |
|
|
|
|
| |
|
| Sold Listings include listings reported settled in MLS for the report month at the time the report was compiled. |
| Pending Listings reflect all listings with pending dates during the report period at the time the report was compiled. |
| NJ SPrice/OPrice calculations not available prior to 2002. |
| Report compiled on 07/12/2008. |
| © Copyright 2008 TReND MLS - Information Deemed Reliable but Not Guaranteed. Printed: 7/15/2008 8:07:38 PM EST |