When looking at the year-to-month actual statistics (using the most recently completed month of June vs. May, April, March and 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
06/2008 12485 4922 39.4 $215,048 75
05/2008  12724  5101 40.1  $214,872 74 
04/2008 12979 5264 40.5 $216,593 73
03/2008 13033 5393 41.3 $217,185 72

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 now mixed, it appears that it is attempting to level and hopefully even begin to reverse direction.

The current inventory is 4525, with an average monthly Sold of 379, yielding a backlog of 11 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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