Average Days on the Market Drop Dramatically, As Sale Prices Increase
The average sale price increased 3.21% for 2018, to an average of $612,087 vs $593,077 in the prior year.
Along with the increase was a drop of the number of days on the market of 23.1%. There is just not enough inventory to satisfy the buyers in Maplewood, and we think this trend could continue. Average Price of Homes Increase and Volumes Rise
The average home sale price in Plainfield in 2018 increased by 11.14 % while the time required to find a home buyer dropped by 8.5%. According to the listing details, the average 2018 home sale price was $236,807, up from last year average of $213,071 along with the volume of home sales volume increasing by 4.37%.
Notable Decrease in the Volume of Edison this year 2018
Edison's housing inventory kept tightening with an 11.53% decrease in sales volume over the last 12 months. With a slight 2.15% increase in the average home sale price, the average time on the market was down 3% from 2017.
Survey details report that the average 2018 sale price increased to $442,548 compared to an average sale price of $433,235 the year prior. Home Sale Volumes Decline Amid Sale Price Increase
The Garden State Multiple Listing Service reports Parsippany's home sales decreased 10.60% in 2018, and the time required in finding a buyer increased by 2.2% as well. The 2018 average home price in Parsippany, however, increased to $396,120 in 2018 versus the prior year's average price of $391,340.
Average Home Sale Up Although Prices and Number of Days on Market Decline
Florham Park average home sale price decreased 1.48% from the previous year. However, the sales volume increasedby 9%. Based on the research, the number of days in searching for potential buyer decreased to 8.6%.
In addition, the average home sale price decreased to $697,885 per house compared to year 2017 of $708,372. Volume of Homes are Down, While Prices Rise
In the last year, Morristown's sharp 19.13% in available homes on the market accordingly saw 20% reduction of days on market. The Garden State Multiple listing data confirms the average home sale price jumped up 7.8% to $499.224in 2018 compared to 2017's average sale price of $463,170.
Average Sales Prices Decline Although Volume Go up
Highland Park's average home sale price decreased by 2.97% for the year 2018 with the average price decreasing to $361,315 per house compared to prior year's $372,393 average price.
On the flip side, the volume of sales increased by 6.74% and the number of days in securing potential buyers decreased by 5.6%. Increase Across the Board for Sale Prices and Homes Sold
Piscataway, New Jersey residential housing market enjoyed an increase in average home sale prices of 7.97% in 2018. This year's average per house price was $360,061 compared to the average 2017 sale price of $333,471.
According to data from the Garden State Multiple Listing Service, the time required to enter a contract from listing dropped by 18.6% with a rise of 6.28% in the number of homes sold. Increase in Home Prices and Volumes Bode Well for 2019
Old Bridge average home sale prices were increased by 6.75% for the year 2018 along with sharp 17.2% reduction of days that homes were presented on the market. According to the survey, sales volumes increased by 8.32% and, along with them, the average home sale price rose to $370,011 compared to 2017's average price of $346,626.
Average Time on Market Down with Home Prices Increasing
The number of home sales in East Brunswick increased by 6.56% with the time required to find a buyer dropping 6.7%. According to survey information, the average sale price of homes rose 3.02% in 2018 up to $450,470 compared with last year's average of$422,758.
Metuchen Housing Market Pops in 2018
Metuchen Housing Market Pops in 2018
The average home sale price in 2018 in Metuchen dropped by 2.13% from 2017's reported $505,922 down to $495,149 this year. However, the volume of sales showed marked increases of 20.15% along with a nearly 8% decrease in the number of days to find a potential buyer.
Monumental Drop in Home Sale Market Through the Year
The South Brunswick, New Jersey residential housing market saw massive drop of 32.79% in average home sale prices for 2018. The average pricing plummeted down to $340,546 per house compared with the average sale price of $506,678 for 2017.
According to data from the Garden State Multiple Listing Service, there was a 10.3% decline in the time required to enter a contract from listing, and further 9.89% drop in the number of homes sold in 2018 Sale Prices Are Up, While Volumes Down Slightly
According to data from the Garden State Multiple Listing Service, the 2018 average sale price was $649,182 compared to last year's $621,579 per house, an increase of 4.44% despite sales volumes down 1.74%. Additionally, there is reported a sharp reduction in the time on the market from listed to only 66 days.
Average Home Prices are Up with Reduced Days on Market
The average residential home sale price in Bound Brook increased by 9.11% in 2018 with the volume of homes up 1.22% as well. According to the survey, 2018’s average home sale price rose to $265,000 compared to prior year’s $242,872 average and the time required to enter a contract from listing dropped by 4.8%.
Home Sale Prices Steady Although Sales Volume Down in 2018
The annual average price of Westfield home sales in 2018 increased nominally by 1.08% with the volume of units sold notably decreased by 9.63% and time to find buyer at 52 days on the market.
Survey reported the average home sale price for this year rose to $834,557 compared to 2017's $825,659 average price. Number of Sales Down Yet Home Prices on the Rise
The Summit, New Jersey residential housing market saw an increase in average home sale prices of 8.70% in 2018. The average per house price jumped to $1,145,241 compared to the prior year's average sale price of $1,053,577.
Published data confirms the volume of homes sold in Summit dropped 4.75% with the days on the market increased by 2.3%. Lower Sale Prices Reported Amid Sales Volume Increases
With a reported 0.51% decrease in inventory, the time to find a buyer reduced dramatically by 24.6%. The average 2018 home price in Scotch Plains slightly declined to $566,112 compared with the prior 2017 average of $568,995, although the volume of sales showed a rise of 10.16%.
Average Home Prices Increase Despite Adverse Drop in Sales
The Cranford, NJ home market analysis reports a vast decrease in the volume of sales in 2018, down 21.69%. The average home sale price did increase, however, up 4.63% from $485,212 in 2017 up to $507,667 per house average this past year, along with the time required to find a potential buyer down by 2.6%.
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