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Camden County Real Estate Market Update YTD April 2008

By
Real Estate Agent with Prudential Fox & Roach

 

Here is your April Camden County Real Estate market update.  For April, listed units were down 38 units compared to 4/2007, or a 3.1% decrease.  Pended units for April were down 97, or a 22.1% decrease. Sold units were down 115, or a 31% decrease.  This has led to a current inventory of 4484 units.  Camden County has been averaging 407 units sold per month which means there is currently 11 months worth of inventory in Camden County.  Year to date listed units are down 7.8%, pended units are down 38.6% and sold units are down 47.4%.

Over the last 3 years the average number of units pended and sold in April was approximately 663 & 564 respectively.  This April, there were 440 units pended and 371 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 4/2007-4/2008 numbers for listed, pended and sold units. 

 Real Estate Chart

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 5/13/2008.

Comments (2)

Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Matt- Now is definately the time to hire a full time professional real estate agent!

May 20, 2008 03:04 PM
Matt Moxhay
Prudential Fox & Roach - Moorestown, NJ
Moorestown Real Estate

Katerina- Absolutely!  Thank you for commenting:-)

May 20, 2008 03:30 PM