October 2026: Sales Slowed. Prices Didn't.
October 2026: Sales Slowed.
Prices Didn't.
Camden, Burlington & Gloucester Counties, NJ
|
−14%
Homes sold
|
+20%
Homes for sale
|
+2%
Median sold price
|
October 2026 vs. October 2025
Home sales in Camden, Burlington and Gloucester Counties fell 14% this October compared with last October. Prices didn't follow them down. The median sold price actually rose 2%.
That combination tells you a lot about where the South Jersey market is heading into winter. Here's what the October numbers show, what's driving them, and what they mean if you're thinking about buying or selling.
The October numbers
Source: Bright MLS, residential sales in Camden, Burlington and Gloucester Counties, NJ. Information deemed reliable but not guaranteed.
What's really going on
Inventory is up 20%, but it isn't because more people are selling. New listings were almost exactly the same as last October.
The change is on the buying side. About 11% fewer homes went under contract, and 14% fewer closed. When the same number of homes come on the market but fewer of them sell, unsold homes pile up. That's how you get from 2.3 months of supply to 2.8.
The gap between asking and selling
This is the number I'd pay the most attention to. New listings in October came on at a median asking price of $395,000. Homes actually sold at a median of $375,000.
|
October 2025 gap
~$8,000
$375,000 asking vs. $367,250 sold
|
October 2026 gap
~$20,000
$395,000 asking vs. $375,000 sold
|
Asking prices went up 5% in a year, while sold prices went up 2%. These medians aren't the same houses, so this isn't a precise list-to-sale ratio. But the direction is clear: many sellers are pricing above where buyers are actually paying.
You can see it in the time on market too. Days on market rose from 34 to 37. Cumulative days on market, which keeps counting when a home is pulled and relisted, rose from 39 to 44. A growing gap between those two numbers usually means more homes are being withdrawn and relisted after sitting too long at the original price.
What this means if you're selling
Homes are still selling, and prices are still slightly up from last year. But buyers have more homes to compare yours against, and they're taking a little longer to decide.
What this means if you're buying
You have more choices and a bit more breathing room than you did a year ago. That doesn't mean prices are falling. The median sold price is still up 2%.
What to watch this winter
The market usually slows from November through January, so some cooling is normal for this time of year. A few signs suggest November could look a little softer than October:
|
1
|
Fewer homes went under contract (1,018) than closed (1,064) in October. Contracts signed in October are mostly what close in November, so expect November closings to dip. |
|
2
|
Inventory is still climbing. As of November 9, there were 3,421 homes for sale across the three counties, compared with 2,389 at this point last year. |
|
3
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The asking-vs.-sold gap. If sellers adjust their pricing, homes should start moving faster. If they don't, expect more price reductions and relistings. |
I'll keep tracking these numbers each month so you can see how things are moving.
The takeaway
Pricing it right matters more now.
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Market data: Bright MLS, residential sales in Camden, Burlington and Gloucester Counties, NJ, October 2025 and October 2026; inventory as of November 9, 2026. Information deemed reliable but not guaranteed.
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