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| Focus On: Burlington County Housing Market | March 2021 | ||
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| Units Sold 608 |
Active Inventory 551 |
Median Sale Price $256,300 |
Days On Market 34 |
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| Up 14% Vs. Year Ago |
Down -67% Vs. Year Ago |
Up 13% Vs. Year Ago |
Down -45% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 608 sold this month in Burlington County Real Estate versus 467 last month, an increase of 30%. This month's total units sold was higher than at this time last year, an increase of 14% versus March 2020. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 1,099 units or 67%. The total number of active inventory this March was 551 compared to 1,650 in March 2020. This month's total of 551 is lower than the previous month's total supply of available inventory of 683, a decrease of 19%. |
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Median Sale Price
Last March, the median sale price for Burlington County Homes was $226,500. This March, the median sale price was approximately the same at $256,300. The current median sold price is 13% higher than in March 2020. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 769 |
Current Contracts 806 |
Sold Vs. List Price 100.1% |
Months of Supply 0.9 |
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| Up 2% Vs. Year Ago |
Up 43% Vs. Year Ago |
Up 2.1% Vs. Year Ago |
Down -71% Vs. Year Ago |
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Months of Supply
In March, there was 0.9 months of supply available in Burlington County, compared to 3.1 in March 2020. That is a decrease of 71% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 769 homes newly listed for sale in Burlington County compared to 757 in March 2020, an increase of 2%. There were 806 current contracts pending sale this March compared to 565 a year ago. The number of current contracts is 43% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Burlington County was 100.1% of the average list price, which is 2.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 34, lower than the average last year, which was 62, a decrease of 45%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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