Cinnaminson Real Estate Market Update YTD 9/2007

By
Real Estate Agent with Prudential Fox & Roach

The Cinnaminson Real Estate market is closely following how the Burlington County market is performing as a whole.  While Pended units through September are down by 33 units and Sold units are down by 41 versus the same period in 2006; listed units are down by 24 units in the same period.  This has led to a current inventory of 120 units.  Cinnaminson has been averaging 11 units sold per month which means there is currently 10 months worth of inventory in Cinnaminson.  This equals Burlington County which also has 10 months worth of inventory.  Year to date through September, Cinnaminson has an average sale price of $300,999 which is 1.73% higher then the sold average in 2006.  This gives Cinnaminson a slight edge over all of Burlington County, which has seen an increase of 0.97% in the same period.

What does all this mean?  It means that Cinnaminson 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 September year to date numbers for listed, pended and sold units: you'll notice a dip in Pended units in August which would be reason for concern if the trend continued into September.  As you can see, the Pended units picked back up in September which could lead to a more balanced market. 

Cinnaminson Real Estate Market 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.

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