The number of homes sold increased in the Delaware Valley/Lehigh Valley region of New Jersey in January 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 January data, the number of units sold increased in the Delaware Valley/Lehigh Valley region compared to January 2015. In Burlington County, the number of homes sold rose by 31 percent, while Mercer County saw an increase of 30 percent. Camden County experienced a 25 percent increase in the number of homes sold, followed by a 23 percent increase in Gloucester County.

Median sale prices decreased in most of the Delaware Valley/Lehigh Valley region in January, though Mercer County experienced a 15 percent increase. Both Camden and Gloucester counties saw a 3 percent decline. The median sale price dropped by 2 percent in Burlington County compared to last year.

Active inventory levels were low in the region in January compared to year-ago levels, with Mercer County seeing a 13 percent decrease and Burlington County experiencing a 9 percent decrease. Camden and Gloucester counties experienced declines of 8 percent and 5 percent, respectively.

The days on market (DOM) average remained steady in the region with homes selling in less than three months on average. Burlington County saw a days on market (DOM) average of 79 days, and Mercer County experienced a DOM average of 81 days. In Gloucester County, the days on market average was 85 days, while the DOM average was 87 days in Camden County.

“So far this year, the overall economic fundamentals continue to support a strong housing market in the United States, though there have been short-term hurdles, including last month’s blizzard,” said Jeffrey S. Detwiler, chief operating officer of The Long & Foster Companies. “Affordability will likely remain high and mortgage rates are likely to stay steady or perhaps increase slightly this year, and we expect to see some good things happening in the Delaware Valley/Lehigh Valley region real estate market for 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.