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| DECEMBER 2024 | |||
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| Units Sold 446 |
Active Inventory 600 |
Median Sale Price $400,000 |
Days On Market 32 |
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| Up 3% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 28% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in December, with 446 sold this month in Burlington County Real Estate versus 379 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 3% versus December 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 2%. The total number of active inventory this December was 600 compared to 586 in December 2023. This month's total of 600 is lower than the previous month's total supply of available inventory of 795, a decrease of 25%. |
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Median Sale Price
Last December, the median sale price for Burlington County Homes was $360,000. This December, the median sale price was $400,000, an increase of 11% or $40,000 compared to last year. The current median sold price is 7% higher than in November. 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 267 |
Current Contracts 342 |
Sold Vs. List Price 100.7% |
Months of Supply 1.3 |
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| Down -11% Vs. Year Ago |
Up 7% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In December, there was 1.3 months of supply available in Burlington County. The amount of supply is similar compared to 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 267 homes newly listed for sale in Burlington County compared to 301 in December 2023, a decrease of 11%. There were 342 current contracts pending sale this December compared to 319 a year ago. The number of current contracts is 7% higher than last December. |
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Sale Price to List Price Ratio
In December, the average sale price in Burlington County was 100.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 25, an increase of 28%. | |||
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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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