The Long & Foster Market Minute

Focus On: Camden County Housing Market August 2022

Units Sold
657
Active Inventory
801
Median Sale Price
$300,000
Days On Market
23
Down -16%
Vs. Year Ago
Down -19%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -4%
Vs. Year Ago

Units Sold
There was an increase in total units sold in August, with 657 sold this month in Camden County Real Estate versus 587 last month, an increase of 12%. This month's total units sold was lower than at this time last year, a decrease of 16% versus August 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 184 units or 19%. The total number of active inventory this August was 801 compared to 985 in August 2021. This month's total of 801 is lower than the previous month's total supply of available inventory of 875, a decrease of 8%.

Median Sale Price
Last August, the median sale price for Camden County Homes was $260,000. This August, the median sale price was $300,000, an increase of 15% or $40,000 compared to last year. The current median sold price is 5% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
729
Current Contracts
647
Sold Vs. List Price
102.4%
Months of Supply
1.2
Down -17%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -0.5%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In August, there was 1.2 months of supply available in Camden County. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 729 homes newly listed for sale in Camden County compared to 878 in August 2021, a decrease of 17%. There were 647 current contracts pending sale this August compared to 771 a year ago. The number of current contracts is 16% lower than last August.

Sale Price to List Price Ratio
In August, the average sale price in Camden County was 102.4% of the average list price, which is 0.5% lower than at this time last year.

Days on Market
This month, the average number of days on market was 23, lower than the average last year, which was 24, a decrease of 4%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.