Market Trends: Camden County, September 2018

In September, Camden County home sales were down 10.6% compared to September 2017 and the median sold price was up 8.1%. The 122 foreclosure sales were down 19% from September 2017 but still were 20% of all sales.

The number of homes available for sale in Camden County dropped 5.0% in September and is now 16.6% lower than a year ago. The Months Supply of Inventory has dropped from 5.0 months a year ago to 4.2 months due to the lower inventory.

September sales were 10.6% lower than last September and are 0.3% lower year-to-date. Foreclosure sales were down 19% from last September and comprised 20% of all sales. Nonforeclosure sales were down 9.3% in September and the Property Marketing Period was increased from 37 days last year to 41 days this year.

The median sold price was up 8.1% compared to last September and is up 3.1% year-to-date. The median sold price of non-foreclosure sales in Camden County in September was $180,000 up 7.8% from September 2017.

The sold price to original list price ratio in September at 95.6% was above the normal range of 92-94%. In September, properties in Camden sold for 97.9% of the current list price up from 97.8% last September.

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