The Cherry Hill Real Estate market is doing marginally better than Camden County as a whole. Pended units through September are up by 16 units and Sold units are up by 12 versus the same period in 2006; listed units are also up by 48 units in the same period. This has led to a current inventory of 682 units. Cherry Hill has been averaging 74 units sold per month which means there is currently 9 months worth of inventory in Cherry Hill. This is marginally better than Camden County which has a 10 month inventory. Year to date through September, Cherry Hill has an average sale price of $289,209 which is 0.7% lower then the sold average in 2006. What does all this mean? It means that Cherry Hill is doing better than most towns in Camden County, however it is closely following the overall success of Camden County as a whole. In other words, if you are thinking of buying or selling right now it's important that you seek the advice of a full time professional realtor who can best advise you as to how to best take advantage of this market. The chart below provides you with the September year to date numbers for listed, pended and sold units
If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.
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