Market Trends: Camden County, January 2018

In January, Camden County home sales were down 11.8% compared to January 2017 and the median sold price was down 2.9%. Foreclosure sales, were down 15% from last January but still constituted 30% of all sales.

The number of homes available for sale in Camden County decreased by 1.9% in January and is now 15.54.9% lower than a year ago. The Months Supply of Inventory has dropped from 5.8 months a year ago to 4.3 months due to the increase in sales over the past year and much lower inventory.

January sales were 11.8% lower than last January. Foreclosure sales decreased by 15% this month compared to last January and comprised 30% of all sales. Nonforeclosure sales decreased by 11.4% in January and the Property Marketing Period was down from 64 days last year to 43 days this year.

The median sold price was down 2.9% compared to last January. The median sold price of non-foreclosure sales in Camden County in January was $171,000 down 2.3% from January 2017.

The sold price to original list price ratio in January at 95.1% was above the normal range of 92-94%. In January, properties in Camden sold for 97.8% of the current list price compared to 97.4% last January.

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