The Long & Foster Market Minute

Focus On: Burlington, Florence, and Roebling Housing Market June 2021

Zip Code(s): 08016, 08518 and 08554
Units Sold
66
Active Inventory
84
Median Sale Price
$244,950
Days On Market
25
Up 25%
Vs. Year Ago
Down -32%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -46%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 66 sold this month in Burlington, Florence, and Roebling Real Estate versus 64 last month, an increase of 3%. This month's total units sold was higher than at this time last year, an increase of 25% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 40 units or 32%. The total number of active inventory this June was 84 compared to 124 in June 2020. This month's total of 84 is lower than the previous month's total supply of available inventory of 89, a decrease of 6%.

Median Sale Price
Last June, the median sale price for Burlington, Florence, and Roebling Homes was $195,000. This June, the median sale price was $244,950, an increase of $49,950 compared to last year. The current median sold price is lower 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
84
Current Contracts
80
Sold Vs. List Price
103.2%
Months of Supply
1.3
Up 15%
Vs. Year Ago
Up 1%
Vs. Year Ago
Up
Vs. Year Ago
Down -46%
Vs. Year Ago

Months of Supply
In June, there was 1.3 months of supply available in Burlington, Florence, and Roebling, compared to 2.3 in June 2020. That is a decrease of 46% 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 84 homes newly listed for sale in Burlington, Florence, and Roebling compared to 73 in June 2020, an increase of 15%. There were 80 current contracts pending sale this June compared to 79 a year ago. The number of current contracts is 1% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Burlington, Florence, and Roebling was 103.2% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 25, lower than the average last year, which was 46, a decrease of 46%.

The Long & Foster Market Minute Burlington, Florence, and Roebling are defined as properties listed in zip code/s 08016, 08518 and 08554.
*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.