Market Trends: Camden County, July 2018

In July, Camden County home sales were up 5.2% compared to July 2017 and the median sold price was up 6.1%. The 132 foreclosure sales were down 10% from July 2017 and constituted 18% of all sales.

The number of homes available for sale in Camden County dropped 2.2% in July and is now 16.7% lower than a year ago. The Months Supply of Inventory has dropped from 5.2 months a year ago to 4.3 months due to the lower inventory.

July sales were 5.2% higher than last July but are 0.4% lower year-to-date. Foreclosure sales were down 10% from last July and comprised 18% of all sales. Nonforeclosure sales were up 8.7% in July and the Property Marketing Period was reduced from 39 days last year to 31 days this year.

The median sold price was up 6.1% compared to last July and is up 1.6% year-to-date. The median sold price of non-foreclosure sales in Camden County in July was $194,000 up 4.9% from July 2017.

The sold price to original list price ratio in July at 97.3% was above the normal range of 92-94%. In July, properties in Camden sold for 98.8% of the current list price up from 98.6% last July.