In a nutshell, low rates and low prices are fueling a bit of a jolt in residential real estate resales, especially in Hamilton Townhip, New Jersey. Other towns are somewhat flat in sales compared with the last two February's, with the exception of Florence, which dropped off like a lead balloon. The numbers in Florence will likely be made up in upcoming months. The chart below lists the # of closings for each town, according to Trend MLS.
TOWN 2010 2011 2012
Hamilton 32 41 48
Florence 5 6 0
Bordentown(s)* 9 7 9
Burlington Twp. 11 10 10
Cherry Hill 18 38 33
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* This combines both Bordentown Twp. and Bordentown City.