The Cinnaminson Real Estate market started 2008 by continuing to slightly trail how the Burlington County market performed as a whole. Pended units for the January were down 12 and Sold units were down 6 compared 2007; listed units however were up by 1 unit versus 2007. This has led to a current inventory of 97 units. Cinnaminson has been averaging 9 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 9 months worth of inventory
What's significant about the above mentioned numbers, is that there was only 1 property that went under contract in January and only 3 that closed. The last 3 years the average number of units pended and sold in January was approximately 10 & 10 respectively.
What does all this mean? It means that Cinnaminson is slightly underperforming the Burlington County market as a whole. 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 2007-2008 numbers for listed, pended and sold units.
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.
*Data is taken from the MLS as of 2/11/2008.