Moorestown Real Estate Market Update, October 2008
Here’s the Moorestown Real Estate market update for October 2008. Pended units for October were down 8 and Sold units were flat compared to October 2007; listed units were down 18 versus 2007. This has led to a current inventory of 197 units. Moorestown has been averaging 16 units sold per month which means there is currently 12 months worth of inventory in Moorestown. This trails the overall Burlington County market, which has 10 months worth of inventory. Year to date listed units are down 56 (a 13% decrease), pended units are down 23 (a 13% decrease) and sold units are down 34 (a 21% decrease). See how this compares to the Burlington County Market.
To read more and view charts visit my Moorestown Real Estate Blog.