Mount Laurel Real Estate Market Update YTD 9/2007
By Matt Moxhay, Moorestown Real Estate
(Prudential Fox & Roach)
The Mount Laurel Real Estate market continues to do well compared to Burlington County as a whole. While Pended units through September are down by 86 units and Sold units are down by 66 versus the same period in 2006; listed units are also down by 118 units in the same period. This has led to a current inventory of 480 units. Mount Laurel has been averaging 63 units sold per month which means there is currently 7 months worth of inventory in Mount Laurel. This compares favorably to Burlington County which has a 10 month inventory. Year to date through September, Mount Laurel has an average sale price of $286,213 which is 4.2% higher then the sold average in 2006. What does all this mean? It means that Mount Laurel is a healthy and relatively balanced Real Estate Market. The cha...
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