Since February foreclosure sales have been between 110 and 131 each month and were 18% of all September sales. Non-foreclosure sales were up 12% from last September and foreclosures were up 34%. The median sold price was up 5.5% ($10,500) from last September. New Bank Owned listings slowed in September with 109 new listings, down from 158 last month, but up 91 from last September.Inventory increased by 7 listings during September, and is 7.5% below last year's inventory. The Months Supply of Inventory dropped to 5.2 months, and is down from 6.2 months a year ago. The number of new listings was up by 69 listings from last September, but new Bank Owned listings were up 18 from last September so foreclosure sales will continue to have an impact on the Burlington housing market for the foreseeable future.Sales were 15.9% above last September and are up 5.5% YTD in 2017. Foreclosure sales showed some improvement, but were still up 34% from last September. The Property Marketing Period of September's sales was 45 days, down from 66 days last September.The median sold price was down 2.7% compared to last September and is down 3.5% YTD. The median sold price of non-foreclosure sales was up 2.3% from last September and is at $222,500 YTD, up from $222,000 in 2016.The sold price to original list price in September was at 95.9% and is 96.1% YTD. The sold price to list price ratio was at 97.8% up from 97.5% last September.Appointments were down 9% compared to last month and up 22% compared to September 2016 with the largest percentage increase in the $300,000-$500,000 price range.For more information Burlington County Market Trends Courtesy of: Trend MLS
