Camden County Real Estate Market Update YTD 3/2008

Here is your March Camden County Real Estate market update.  For March, listed units were down 315 units compared to 3/2007, or a 28.3% decrease.  Pended units for March were down 134, or a 31.3% decrease. Sold units were down 249, or a 72.4% decrease.  This has led to a current inventory of 4277 units.  Camden County has been averaging 415 units sold per month which means there is currently 10 months worth of inventory in Camden County.  Year to date listed units are down 9.8%, pended units are down 47.2% and sold units are down 55%.

Over the last 3 years the average number of units pended and sold in March was approximately 679 & 597 respectively.  This March, there were 425 units pended and 344 sold.  These numbers indicate a market that is adding inventory faster than it can be absorbed.  If you see real estate as a long term investment, now is a great time to buy or “move-up” because the numbers are working in your favor.

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 3/2007-3/2008 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 4/16/2008.