Here's the Haddon Heights Real Estate market update for February 2008. Pended units for the February were up 5 and Sold units were even; listed units were up 5 versus 2007. This has led to a current inventory of 71 units. Haddon Heights has been averaging 6 units sold per month which means there is currently 11 months worth of inventory in Haddon Heights. This trails the overall Camden County market, which has 9 months worth of inventory. Year to date listed units are up 16 (a 39% increase), pended units are up 7 (a 50% increase) and sold units are up 1 (a 7.7% increase). See how this compares to the Camden County Market.
Over the last 3 years the average number of units pended and sold in February was approximately 4 & 6 respectively. This February, there were 8 units pended and 5 sold. The fact that the number of pended and sold units are up over 2007 would be a much more positive sign if they weren't overshadowed buy the increase in units listed.
What does all this mean? It means that Haddon Heights 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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