Active inventory decreased in the Delaware Valley/Lehigh Valley region of New Jersey in November when compared to year-ago figures, according to The Long & Foster Market Minute reports. The region includes Burlington, Camden, Gloucester and Mercer counties. The Long & Foster Market Minute reports are based on data provided by TREND multiple listing service and its member associations of Realtors and include residential real estate transactions within specific geographic regions, not just Long & Foster sales.

According to November data, the number of units sold varied in the Delaware Valley/Lehigh Valley region compared to November 2014. In Camden County, the number of homes sold increased by 4 percent, while Gloucester County saw no change from the previous year. Burlington County saw a 4 percent decrease in the number of homes sold, followed by a 5 percent decline in Mercer County.

Active inventory levels were low in the region in November compared to year-ago levels, with Mercer County seeing a 12 percent decrease and Camden County experiencing an 11 percent decrease. Burlington and Gloucester counties experienced declines of 9 percent and 7 percent, respectively.

Median sale prices decreased in most of the Delaware Valley/Lehigh Valley region, with an increase of 6 percent in Burlington County. Camden, Gloucester and Mercer counties all experienced decreases of 9 percent.

The days on market (DOM) average remained steady in the region with homes selling in about three months or less on average. Burlington County saw a days on market (DOM) average of 76 days, and Mercer County experienced a DOM average of 84 days. In Camden County, the days on market average was 89 days, followed by a DOM of 94 days in Gloucester County.

“November brought a number of positive things to the United States’ economy, with additional jobs and increases in home construction being among them, and we saw good signs within the Long & Foster market as well,” said Jeffrey S. Detwiler, chief operating officer of The Long & Foster Companies. “Inventory remains low within the Delaware Valley/Lehigh Valley region, and we anticipate a steady and healthy real estate market in 2016.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.    Information included in this report is based on data supplied by TREND, which is not responsible for its accuracy. The reports do 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 TREND or Long & Foster Real Estate, Inc.