The Camden County Real Estate market started 2008 with the 7^th straight month of year to year declines in the amount of properties listed.  For January, listed units were down 86 units compared to 1/2007, or a 7.48% decrease.  Pended units for January were down 245, or a 77.53% decrease. Sold units were down 115 compared January 2007, a 40.64% decrease.  This has led to a current inventory of 3961 units.  Camden County has been averaging 445 units sold per month which means there is currently 8 months worth of inventory in Camden County. 

Over the last 3 years the average number of units pended and sold in January was approximately 564 & 434 respectively.  This January, there were 316 units pended and 283 sold.  Obviously, sellers do not want to see a trend of fewer pended and sold units versus 2007.  However, the decrease in listed units versus January 2007 was a positive sign as long as the residual inventory can remain at a reasonable level.

What does all this mean?  It means that Camden County is a market to watch closely.  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 take advantage of this market. 

The chart below provides you with the 2007-2008 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.

*Market statistics as of 2/11/2008.