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| JANUARY 2025 | |||
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| Units Sold 324 |
Active Inventory 588 |
Median Sale Price $369,950 |
Days On Market 35 |
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| Down -5% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 35% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 324 sold this month in Burlington County Real Estate versus 460 last month, a decrease of 30%. This month's total units sold was lower than at this time last year, a decrease of 5% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 11 units or 2%. The total number of active inventory this January was 588 compared to 599 in January 2024. This month's total of 588 is lower than the previous month's total supply of available inventory of 663, a decrease of 11%. |
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Median Sale Price
Last January, the median sale price for Burlington County Homes was $353,900. This January, the median sale price was $369,950, an increase of 5% or $16,050 compared to last year. The current median sold price is 8% lower than in December. 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 383 |
Current Contracts 362 |
Sold Vs. List Price 100.1% |
Months of Supply 1.8 |
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| Down -12% Vs. Year Ago |
Up 2% Vs. Year Ago |
Down -0.7% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In January, there was 1.8 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 383 homes newly listed for sale in Burlington County compared to 434 in January 2024, a decrease of 12%. There were 362 current contracts pending sale this January compared to 356 a year ago. The number of current contracts is 2% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Burlington County was 100.1% of the average list price, which is 0.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 35, higher than the average last year, which was 26, an increase of 35%. | |||
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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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