Here is your February Camden County Real Estate market update. For February, listed units were up 68 units compared to 2/2007, or a 6.5% increase. Pended units for February were down 192, or a 54.4% decrease. Sold units were down 150, or a 53.8% decrease. This has led to a current inventory of 4102 units. Camden County has been averaging 433 units sold per month which means there is currently 9 months worth of inventory in Camden County. Year to date listed units are down 0.7%, pended units are down 62.4% and sold units are down 46.1%.
Over the last 3 years the average number of units pended and sold in February was approximately 549 & 447 respectively. This February, there were 353 units pended and 279 sold. These numbers indicate a market that is adding inventory faster than it can be absorbed. If you see real estate as a long term investment, now is a great time to buy or "move-up" because the numbers are working in your favor.
What does all this mean? It means that Camden County 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 2/2007-2/2008 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.
*Market statistics as of 3/14/2008.
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