Market Trends: Camden County, August 2018

In August, Camden County home sales were up 3.0% compared to August 2017 and the median sold price was up 2.9%. The 133 foreclosure sales were down 19% from August 2017 but still were 17% of all sales.

The number of homes available for sale in Camden County dropped 4.2% in August and is now 16.7% lower than a year ago. The Months Supply of Inventory has dropped from 5.1 months a year ago to 4.2 months due to the lower inventory.

August sales were 3.0% higher than last August and are 0.5% higher year-to-date. Foreclosure sales were down 19% from last August and comprised 17% of all sales. Nonforeclosure sales were up 7.9% in August and the Property Marketing Period was reduced from 40 days last year to 37 days this year.

The median sold price was up 2.9% compared to last August and is up 3.0% year-to-date. The median sold price of non-foreclosure sales in Camden County in August was $189,000 down 0.5% from August 2017.

The sold price to original list price ratio in August at 96.5% was above the normal range of 92-94%. In August, properties in Camden sold for 98.7% of the current list price up from 98.0% last August.