The Burlington County real estate market numbers are in for 3rd quarter of 2017! The statistics confirm what we have been seeing over the last several months – demand for residential homes in Burlington County is high, and inventory is low. In the 3rd quarter of 2017, covering July, August and September, the total number of homes for sale was 2,781, a 14% decrease from last year. Despite this low inventory, the total number of homes sold was actually about 15% higher than last year, at 2,035 homes. This indicates that the homes that are listed are selling because there is a high demand, and they are selling quickly. The average marketing period of these homes that sold in Q3 was 74 days, which is about 13% less days than this time last year. These numbers prove that buyers are searching for homes that are hard to find, and they are snatching them up once they come on the market.
2017 Q3 Burlington County Real Estate Trends Recap:
- 2,781 = Total Homes for Sale (down 14%)
- 2,035 = Total Homes Sold (up 15%)
- 74 = Average Days on Market (13% less)
If you have a home to sell, call the Pat McKenna Team and we will get it sold! Our team has a large clientele of buyers who are just waiting for the perfect home to buy.
If you are a buyer, please reach out to us! We have several agents who work around the clock to help people find their dream homes.
Call us today at 856-983-0704 x103, or email us for more information or to discuss buying or selling your home.
*Data is provided by Warner Real Estate & Auction, courtesy of Foundation Title.