The Long & Foster Market Minute

Focus On: Camden County Housing Market October 2022

Units Sold
501
Active Inventory
735
Median Sale Price
$265,000
Days On Market
25
Down -26%
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 6%
Vs. Year Ago
Up 4%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in October, with 501 sold this month in Camden County Real Estate versus 598 last month, a decrease of 16%. This month's total units sold was lower than at this time last year, a decrease of 26% versus October 2021.

Active Inventory
Versus last year, the total number of homes available this month is lower by 164 units or 18%. The total number of active inventory this October was 735 compared to 899 in October 2021. This month's total of 735 is lower than the previous month's total supply of available inventory of 833, a decrease of 12%.

Median Sale Price
Last October, the median sale price for Camden County Homes was $250,000. This October, the median sale price was $265,000, an increase of 6% or $15,000 compared to last year. The current median sold price is 2% lower than in September.

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


New Listings
511
Current Contracts
482
Sold Vs. List Price
101.3%
Months of Supply
1.5
Down -29%
Vs. Year Ago
Down -22%
Vs. Year Ago
No Change
Vs. Year Ago
Up 11%
Vs. Year Ago

Months of Supply
In October, there was 1.5 months of supply available in Camden County, compared to 1.3 in October 2021. That is an increase of 11% versus 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 511 homes newly listed for sale in Camden County compared to 719 in October 2021, a decrease of 29%. There were 482 current contracts pending sale this October compared to 618 a year ago. The number of current contracts is 22% lower than last October.

Sale Price to List Price Ratio
In October, the average sale price in Camden County was 101.3% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 25, higher than the average last year, which was 24, an increase 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.