Cinnaminson Real Estate Market Update YTD 1/2008

By
Real Estate Agent with Prudential Fox & Roach

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. 

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.

 *Data is taken from the MLS as of 2/11/2008.

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