June Real Estate Numbers for Moorestown
Moorestown Real Estate Data - June 2007 vs June 2008
Homes listed for sale: 48 vs 37
Homes sold: 28 vs 25
Days on market: 86 vs 110
Average sale price: $627,996 vs $597,148
Average list price: $660,608 vs $570,127
The first 6-months are now behind us and what a challenging period it has been for the real estate market. In Moorestown we have seen our ups and downs, but they are not as pronounced as some other towns in Burlington and Camden Counties. For that matter even other parts of the country. As you can see by the numbers we had fewer homes listed for sale in June then we did last year. This is good news for the overall supply of homes since the new construction market has practically disappeared in town. Demand for homes was relatively flat to slightly down while the days to sell a home continue to trend up. These three trends combined with the realignment of pricing continues to indicate our home market is getting back to normal, but is still at a fragile state. As a Seller continue to price your home accurately in a changing market and understand there is still plenty of supply (as of 7/5/2008 there were 213 homes for sale in Moorestown and an inventory accumulation of 14). As a Buyer realize that if a home is priced accurately there are people out there looking to purchase and it just might sell by the time you think the market has hit the bottom.
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 June 1, 2007 to June 30, 2008
6 comments:
nice postings... if you're interested in Jersey Shore real estate, down in Monmouth and Ocean Counties, check out www.yournjrealestate.com. Pretty useful and the blog is awsome!
For the most part, we feel the same trend down in Monmouth and Ocean Counties. There are a few neighborhoods which are the total opposite. They are near train stations, parkway entrances and the beach. You can find these homes by contacting me or by looking them up at www.yournjrealestate.com
VI have been following your blog from quite a long time and I must say its very informative.
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Sales year over year are not as bad some other areas of the country. Is there anything yu attribute that to?
Now that the stock market is turning around, do you think the real estate market will do the same?
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Monmouth and Ocean Counties are very nice place i am looking home at that place could you help me if possible please!!!
Carol
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