November Real Estate Numbers for Moorestown
Moorestown Real Estate Data - November 2006 vs November 2007
Homes listed for sale: 28 vs 26
Homes sold: 16 vs 13
Days on market: 100 vs 114
Average sale price: $573,156 vs $508,769
Average list price: $659,183 vs $475,527
All signs point down when comparing Moorestown's real estate market for the month of November 2007 against November 2006. Yet, we are still over the $500,000 mark for the average sold price, we have historically low interest rates for current buyers and one month doesn't make a year. For the year we will be about flat when we compare the 2006 real estate statistics to the 2007 real estate statistics. When considering to sell your home in this market remember that it will take longer to sell and pricing is key.
Keep coming back to this blog to learn more about the Moorestown real estate market and local real estate trends. Or if you want a FREE consultation regarding your property and the impact the trends will have on selling it please contact me.
Based on information from TREND MLS for November 1, 2006 to November 30, 2007
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