Cinnaminson Real Estate Market Update YTD 12/2007

Real Estate Agent with Prudential Fox & Roach

The Cinnaminson Real Estate market ended 2007 by slightly trailing how the Burlington County market performed as a whole.  Pended units for the year were down 46 and Sold units were down 48 compared to 2006; listed units were also down by 21 units versus 2006.  This has led to a current inventory of 106 units.  Cinnaminson has been averaging 10 units sold per month which means there is currently 10 months worth of inventory in Cinnaminson.  This trails the overall Burlington County market, which has 8 months worth of inventory

Cinnaminson ended the year with an average sale price of $291,891 which is 1.3% lower then the sold average in 2006.  Burlington County's average sale price during the same period is basically flat at a 0.06% decrease. 

What does all this mean?  It means that Cinnaminson slightly underperformed the Burlington County market as a whole for 2006.  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 2007 numbers for listed, pended and sold units. 

Cinnaminson 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.

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