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

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