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​Average Home Prices Decrease Along with Drop in Homes Sold
There was a reported 4.02% drop in the number of homes sold in 2018, with the average home price in Verona down 1.33% to $433,235 compared with 2017 average home prices of $439,078. On the positive side, the time on the market decreased 15.4%.
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2019 On Track for Strong Year of Home SalesThe West Orange, New Jersey marked saw an increase of 4.99% for average home sale prices in 2018 coupled with an 11.8% drop in days on the market. With the volume of sales jumping 6.42%, we think this trend could continue.
According to data from the Garden State Multiple Listing Service, the average sale price this year increased to $421,015 compared with 2017’s average sale price of $ 401,021. ​Average Sales Prices and Volume Decline in 2018
Montclair Housing Market Moves Slightly Forward in 2018Average Home Prices Increase with Drop in Homes Sold
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