Market Trends: Camden County, June 2018
In June, Camden County home sales were down 8.3% compared to June 2017 but the median sold price was up 1.7%. The 152 foreclosure sales were down 15% from June 2017 and constituted 20% of all sales.
The number of homes available for sale in Camden County remained the same in June and is now 11.6% lower than a year ago. The Months Supply of Inventory has dropped from 5.3 months a year ago to 4.7 months due to the increase in sales over the past year and lower inventory.
June sales were 8.3% lower than last June and are 2.3% lower year-to-date. Foreclosure sales were down 15% from last June and comprised 20% of all sales. Nonforeclosure sales were down 6.4% in June although the Property Marketing Period was reduced from 35 days last year to 32 days this year.
The median sold price was up 1.7% compared to last June and is up 1.3% year-to-date. The median sold price of non-foreclosure sales in Camden County in June was $193,750 down 3.6% from June 2017.
The sold price to original list price ratio in June at 97.0% was above the normal range of 92-94%. In June, properties in Camden sold for 98.7% of the current list price up from 98.5% last June.