Market Trends: Burlington County, February 2018
For the first time in over 4 years, foreclosure sales declined on a year over year basis but were still 28% of all February sales. Non-foreclosure sales were up 8% from last February and foreclosures were down 3.3%. The median sold price was up 8.3% from last February. New Bank Owned listings in February were 120 new listings, up from 119 last month, and up from 113 last February.
Inventory increased by 70 listings during February, and is 13.0% below last year's inventory. The Months Supply of Inventory increased to 4.1 months, and is down from 4.8 months a year ago. The number of new listings were up 4% from last February, new Bank Owned listings were up 7 from last February and remain at a high level.