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Market Review – Summer 2019

real estate market review

 

School is back in session and we have some statistics for you to review!

The attached chart reviews the real estate market performance for our primary areas of service in Camden County, NJ from June through August 2019.

If you would like a full report of your neighborhood, please contact us: info@mymainstreetrealty.com

This summer we saw a decrease in mortgage interest rates, a continuation of the low housing inventory, and a steady increase in sold prices. We are also seeing an increase in Days on Market, which means properties are taking a bit longer to complete a transaction.

Buyers are beginning to take a breath to consider their position before making their offer, which means we are not seeing as many quick moving sales as we did last year.

However, with home values still up and economic conditions ideal for buyers, it is still a strong market for sellers.

If you have considered selling your home in the fall market, contact Main Street Realty to receive your professional home valuation!

DOWNLOAD REAL ESTATE MARKET STATISTICS HERE:

Market Review – Camden County – Summer 2019