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« November 2008 | Main | January 2009 »
December 2008
December 24, 2008
December 04, 2008
Burlington County Real Estate Market Report: Nov 08
Here are some market stats for Burlington County from November 2008.
Median Price for November was $210k, which is down about 10% from this time last year.
At the end of November, there were 4,907 homes for sale in Burlington County which is down slightly from last year which saw 5,155 homes for sale. So it continues to be buyers choice when out looking for a home.
The number of homes selling continues to drop - homes that sold is down 25% to 217 and pending sales fell 42% to 337. Roughly, less then 7% of homes available are selling each month. As I continually say, if you are selling right now, pricing your home competitively is more important now then it ever was.
Here is a chart showing median price over the past two years...
Data deemed reliable but not gauranteed. Information from Prudential Fox & Roach AgentMetrics from 12/04/08
