The Long & Foster Market Minute

Focus On: Camden County Housing Market June 2021

Units Sold
784
Active Inventory
767
Median Sale Price
$255,500
Days On Market
21
Up 19%
Vs. Year Ago
Down -38%
Vs. Year Ago
Up 22%
Vs. Year Ago
Down -58%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 784 sold this month in Camden County Real Estate versus 650 last month, an increase of 21%. This month's total units sold was higher than at this time last year, an increase of 19% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 461 units or 38%. The total number of active inventory this June was 767 compared to 1,228 in June 2020. This month's total of 767 is lower than the previous month's total supply of available inventory of 790, a decrease of 3%.

Median Sale Price
Last June, the median sale price for Camden County Homes was $210,000. This June, the median sale price was $255,500, an increase of 22% or $45,500 compared to last year. The current median sold price is 5% higher than in May.

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


New Listings
950
Current Contracts
833
Sold Vs. List Price
103.1%
Months of Supply
1.0
Up 22%
Vs. Year Ago
Up 3%
Vs. Year Ago
Up 4.9%
Vs. Year Ago
Down -47%
Vs. Year Ago

Months of Supply
In June, there was 1.0 months of supply available in Camden County, compared to 1.9 in June 2020. That is a decrease of 47% 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 950 homes newly listed for sale in Camden County compared to 778 in June 2020, an increase of 22%. There were 833 current contracts pending sale this June compared to 806 a year ago. The number of current contracts is 3% higher than last June.

Sale Price to List Price Ratio
In June, the average sale price in Camden County was 103.1% of the average list price, which is 4.9% higher than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 50, a decrease of 58%.

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.