📈 **Gloucester Township Market Report: September 22 - September 28, 2024** 📅

🌟 **New Listings**  

New Properties Coming To Market: 7 🏡  

-Current Active Properties: 82 📈

💼 Under Contract & Pending Sales 

-Newly Active/Under Contract Properties: 5 🔖  

- **Pending Properties**: 6 ⏳    

- Average Pending Price**: $363,965 💲

📊 **Recent Closings**  

- Closed Properties: 7 🏠  

  - **Median Sales Price**: $332,929 💵  

  - **Total Sales Volume**: $2,230,500 💰

🏦 **Financing Breakdown for Closed Properties

- **Conventional Loans**: 4 homes 🏦  

- **FHA Loans**: 2 homes 🏠  

- **VA Loans**: 1 home 🎖️  

⏱️ **Market Dynamics**  

- **Average Days on Market**: 20 days 🕰️  

- Sellers on Average sold their home for 1.06% ABOVE Original Listing Price📉

🏢 **Additional Notes**  

- No bank-owned properties closed last week 🚫🏦

Summary  

The market for Gloucester Township remains steady, with a balanced number of new listings and properties going under contract. The average days on market indicates a reasonably quick turnaround for sellers, and the slight price increase suggests a slightly positive trend for property values, but seems to be leveling out.

🌐 **Market Highlights**  

**Sellers**: The market is competitive, with properties closing quickly and slight price increases. 

**Buyers**: Good financing options are available, with conventional loans being the most popular.

Stay tuned for upcoming weeks for more market insights! 📊📅💬

My opinion for Gloucester Township NJ Real Estate: Low inventory is keeping prices at a healthy number presently.

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**Note**: All statistics are based on the data from the specified week and taken from Bright MLS. 📅

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