Market Trends: Camden County, April 2018

In April, Camden County home sales were up 2.8% compared to April 2017 but the median sold price was down 1.1%. The 163 foreclosure sales were equal to April 2017 and constituted 25% of all sales.

The number of homes available for sale in Camden County increased by 4.9% in April and is now 12.3% lower than a year ago. The Months Supply of Inventory has dropped from 5.1 months a year ago to 4.5 months due to the increase in sales over the past year and lower inventory.

April sales were 2.8% higher than last April but are 2.5% lower year-to-date. Foreclosure sales were at the same level as last April and comprised 25% of all sales. Nonforeclosure sales increased by 3.3% in April and the Property Marketing Period was up from 36 days last year to 39 days this year.

The median sold price was down 1.1% compared to last April and is equal to 2017 year-to-date. The median sold price of non-foreclosure sales in Camden County in April was $182,000 down 2.4% from April 2017.

The sold price to original list price ratio in April at 96.2% was above the normal range of 92-94%. In April, properties in Camden sold for 98.3% of the current list price down from 99.0% last April.

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