When looking at the year-to-month actual statistics (using the most recently completed month of April vs. March vs. January) for Camden County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:

Yr Ending

Units Listed

Units Sold

% Sold

Sold Avg.

Avg.
 Dom

04/200812979526440.5$216,59373
03/200813033539341.3$217,18572

01/2008

13266

5783

44

$217,372

81



See previous article for prior year 01/200X year-to-date comparison.

This shows that while the trend is still downward, it appears to be slowing and hopefully will soon start to level and even reverse direction.

The current inventory is 4315, with an average monthly Sold of 405, yielding a backlog of 10 months to sell off the inventory at current rates of sale.



Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

 
This post has been included in New Jersey Information Camden County, NJ Information

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Real Estate Agent: Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services (RE/MAX Suburban)
Lawrence Yerkes - Broker Associate, Southern New Jersey Real Estate Services
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