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

5-County South Jersey area

Tuesday, Jan 27, 2009  |  Updated 2:27 AM EDT
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Housing Market Report for Existing Homes 5-County Jersey -- Dec 2008

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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

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