The Long & Foster Market Minute

Focus On: Burlington County Housing Market June 2021

Units Sold
781
Active Inventory
807
Median Sale Price
$300,000
Days On Market
21
Up 19%
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 28%
Vs. Year Ago
Down -63%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 781 sold this month in Burlington County Real Estate versus 649 last month, an increase of 20%. This month's total units sold was higher than at this time last year, an increase of 19% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 485 units or 38%. The total number of active inventory this June was 807 compared to 1,292 in June 2020. This month's supply remained stable as compared to last month.

Median Sale Price
Last June, the median sale price for Burlington County Homes was $234,950. This June, the median sale price was $300,000, an increase of $65,050 compared to last year. The current median sold price is higher than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
982
Current Contracts
818
Sold Vs. List Price
102.3%
Months of Supply
1.0
Up 14%
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 4.9%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Burlington County, compared to 2.0 in June 2020. That is a decrease of 47% versus 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.

New Listings & Current Contracts
This month there were 982 homes newly listed for sale in Burlington County compared to 858 in June 2020, an increase of 14%. There were 818 current contracts pending sale this June compared to 877 a year ago. The number of current contracts is 7% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Burlington County was 102.3% of the average list price, which is 4.8% higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 57, a decrease of 63%.

The Long & Foster Market Minute
*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.
REALTOR, Equal Opportunity HousingInformation 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.