Cinnaminson Real Estate Market Update YTD September 2008

By
Real Estate Agent with Prudential Fox & Roach

Here’s your Cinnaminson Real Estate market update for September 2008.  Pended units for September were down 5 and Sold units were up 3 compared 2007; listed units were down by 2 units versus 2007.  This has led to a current inventory of 108 units.  Cinnaminson has been averaging 9 units sold per month which means there is currently 12 months worth of inventory in Cinnaminson.  This matches the overall Burlington County market, which has 12 months worth of inventory.  Year to date listed units are down 24 (an 11% decrease), pended units are down 20 (a 23% decrease) and sold units are down 19 (a 23% decrease).  See how this compares to the Burlington County Market.

The last 3 years the average number of units pended and sold in September was approximately 13 & 12 respectively.  This September there was 8 units pended and 8 sold.  The average Days on Market for the year is 87. 

What does all this mean?  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 9/2007-9/2008 numbers for listed, pended and sold units. 

Cinnaminson Real Estate Chart

Below is a chart that shows the average list price and average sold price for Burlington County from 9/2007-9/2008.  The average sold price is down 6% from September 2007 ($270,280) to September 2008 ($253,812).

 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.

 

*Market statistics as of 10/15/2008.

 

 

 

Comments (4)

Gary White~Grand Rapids Home Selling Pro Call: 616-821-9375
Flexit Realty "Flexible Home Selling Solutions" - Grand Rapids, MI
Real Estate Services You can Trust!

Hi Matt, a great market update keeping sellers and buyers up to date so they can make an informed decision.  Nice market update.

Oct 26, 2008 12:25 PM
Matt Moxhay
Prudential Fox & Roach - Moorestown, NJ
Moorestown Real Estate

Hi Gary- Thank you for your kind words.  I haven't been over to your blog of late, which is my loss.  Expect to see me there soon!

Oct 26, 2008 12:48 PM
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

Showing consumers what is happening in the market is always a good thing. Take care.

Oct 27, 2008 06:16 AM
Matt Moxhay
Prudential Fox & Roach - Moorestown, NJ
Moorestown Real Estate

JL- Thanks.  It also helps me keep on top of the market and spot any trends before most other agents are aware of what's going on.

Oct 27, 2008 07:36 AM