Market Trends: Burlington County, June 2018

Foreclosure sales were down 8% on a year over year basis and were 15% of all June sales. Non-foreclosure sales were down 2.2% from last June. The median sold price was up 2.4% from last June. For the third straight month, new Bank Owned listings were considerably lower. In June there were 97, down 19% from last June.

Inventory increased by 25 listings during June, but is still 14.5% below last year's inventory. The Months Supply of Inventory increased to 4.4 months, and is down from 5.3 months a year ago. The number of new listings were 3.5% higher than last June, with new Bank Owned listings down 19% from last June.

Sales were 0.2% lower than last June but are up 6.4% year-to-date in 2018. Foreclosure sales, were down 8% from last June but are up 11% for 2018. The Property Marketing Period of June's sales was 32 days, down from 39 days last June.

The median sold price was up 2.4% compared to last June and is up 5.4% year-to-date. The median sold price of non-foreclosure sales was up 1.3% from last June and is at $220,000 year-to-date compared to $215,000 last year.

The sold price to original list price in June was at 97.4% and is 96.7% year-to-date. The sold price to list price ratio was at 98.7% up from 98.3% last June.

Post a Comment