Housing Market Report for Existing Homes 5-County Jersey -- Dec 2008

5-County South Jersey area

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    Getty Images/STOCK4B-RF

    Housing Market Report for Existing Homes- December 2008
    5-County South Jersey area
    Source:  Prudential Fox & Roach HomExpert Market Report

    The five-county Southern New Jersey saw:

    Median Sale Price
    DOWN 8.3% from Dec ’08 to Dec ’07

    • $200,000 in December 2008
    • $218,000 in December 2007
    • $205,000 in November 2008
    • $218,000 in November 2006

    Homes Sold
    DOWN 16.3% from Dec ’08 to Dec ’07
    • 937 in December 2008
    • 1,119 in December 2007
    • 1,563 in December 2006
    • 850 in November 2008

    Days on Market
    UP 12.3% from Dec ’08 to Dec ’07
    • Average 95 days in December 2008
    • Average 85 days in December 2007
    • Average 73 days in December 2006
    • Average 94 days in November 2008

    Inventory of Homes for Sale
    DOWN 3.2% from Dec ’08 to Dec ’07
    • 16,257 in December 2008
    • 16,795 in December 2007
    • 15,301 in December 2006