Market Trends: Camden County, October 2018

In October, Camden County home sales were down 6.3% compared to October 2017 while the median sold price was equal to last year. The 150 foreclosure sales were down 6% from October 2017 and were 24% of all sales.

The number of homes available for sale in Camden County dropped 7.2% in October and is now 18.6% lower than a year ago. The Months Supply of Inventory has dropped from 4.9 months a year ago to 4.0 months due to the lower inventory.

October sales were 6.3% lower than last October and are 0.5% lower year-to-date. Foreclosure sales were down 6% from last October and comprised 24% of all sales. Nonforeclosure sales were down 6.3% in October and the Property Marketing Period was increased from 46 days last year to 50 days this year.

The median sold price was equal to last October and is up 2.6% year-to-date. The median sold price of non-foreclosure sales in Camden County in October was $176,000 down 1.0% from October 2017.

The sold price to original list price ratio in October at 95.4% was above the normal range of 92-94%. In October, properties in Camden sold for 98.3% of the current list price up from 97.9% last October.