Camden County experienced a slow down in housing sales in 2007 compared to the 2006 year end results. The median sales price slightly increased for the county overall but the increase was minimal. A significant increase in the median sales price was seen within the condo market. The number of listings and the number of days on the market for sold properties also increased.
2007 Camden County Real Estate Market Activity as per Trend MLS:
Number of Properties Sold: 5,917
Median Sold Price: $195,00
Median Days on Market: 52
Average Sold Price received from Original Listing Price: 94.38%
2006 Camden County Real Estate Market Activity as per Trend MLS:
Number of Properties Sold: 6,763
Median Sold Price: $194,000
Median Days on Market: 41
Average Sold Price received from Original Listing Price: 95.83%
2007 vs 2006 Camden County Single Family and Condo Sales Breakdown:
2007 Single Family Sales:
- Number of Units Sold: 5,314
- Median Sold Price: $201,500
- Average Sold Price received from Original Listing Price: 94%
2006 Single Family Sales:
- Number of Units Sold: 6,065
- Median Sold Price: $200,000
- Average Sold Price received from Original Listing Price: 95%
2007 Condominium Sales:
- Number of Units Sold: 603
- Median Sold Price: $159,900
- Average Sold Price received from Original Listing Price: 94%
2006 Condominium Sales:
- Number of Units Sold: 698
- Median Sold Price: $147,500
- Average Sold Price received from Original Listing Price: 95%
*All information obtained from Trend MLS and deemed reliable but not guaranteed.
The number of properties sold declined in the year over year comparison for Camden County. The single family homes median sales price only saw a marginal increase in sales price while condominiums experienced a much greater increase in the median sales price.
For additional information and housing market comparisons to prior years, visit my Camden County housing market report.
