The Long & Foster Market Minute

Focus On: Mount Laurel, Ramblewood, and Maple Shade Housing Market June 2021

Zip Code(s): 08054 and 08052
Units Sold
118
Active Inventory
92
Median Sale Price
$270,000
Days On Market
19
Up
Vs. Year Ago
Down -47%
Vs. Year Ago
Up 16%
Vs. Year Ago
Down -49%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 118 sold this month in Mount Laurel, ramblewood, and Maple Shade Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 81 units or 47%. The total number of active inventory this June was 92 compared to 173 in June 2020. This month's total of 92 is lower than the previous month's total supply of available inventory of 96, a decrease of 4%.

Median Sale Price
Last June, the median sale price for Mount Laurel, ramblewood, and Maple Shade Homes was $231,950. This June, the median sale price was $270,000, an increase of 16% or $38,050 compared to last year. The current median sold price is 2% 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
146
Current Contracts
132
Sold Vs. List Price
103.1%
Months of Supply
0.8
Down -7%
Vs. Year Ago
Down -2%
Vs. Year Ago
Up 4.3%
Vs. Year Ago
Down -62%
Vs. Year Ago

Months of Supply
In June, there was 0.8 months of supply available in Mount Laurel, Ramblewood, and Maple Shade, compared to 2.1 in June 2020. That is a decrease of 62% 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 146 homes newly listed for sale in Mount Laurel, Ramblewood, and Maple Shade compared to 157 in June 2020, a decrease of 7%. There were 132 current contracts pending sale this June compared to 135 a year ago. The number of current contracts is 2% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Mount Laurel, Ramblewood, and Maple Shade was 103.1% of the average list price, which is 4.3% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 37, a decrease of 49%.

The Long & Foster Market Minute Mount Laurel, Ramblewood, and Maple Shade are defined as properties listed in zip code/s 08054 and 08052.
*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.