Camden County Real Estate Market Update YTD October 2008

Real Estate Agent with Prudential Fox & Roach

Here is your October Camden County Real Estate market update.  For October, listed units were down 273 units compared to October 2007, or a 35% decrease.  Pended units for October were down 109, or a 38% decrease. Sold units were down 102, or a 31% decrease.  This has led to a current inventory of 4319 units.  Camden County has been averaging 347 units sold per month which means there is currently 12 months worth of inventory in Camden County.  Year to date listed units are down 14%, pended units are down 34% and sold units are down 36%.

Over the last 3 years the average number of units pended and sold in October was approximately 517 & 543 respectively.  This October, there were 290 units pended and 324 sold.  The average Days on Market for the year is 81.  

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 10/2007-10/2008 numbers for listed, pended and sold units. 

Camden County Real Estate Chart

Below is a chart that shows the average list price and average sold price for Camden County from 10/2007-10/2008.  The average sold price is down 5% from October 2007 ($217,468) to October 2008 ($206,403).

 Camden County 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.

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*Market statistics as of 11/17/2008.


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