Sales Drop in First Four Months of 2018 -- Small Average Price Dip But Big Fall Off is Number of Sales. What's Next?
For the first four months of 2018, eighty (80) properties sold in Montclair, New Jersey, for an average sale price of $644,340. This is a decrease of 3.3% during the same period in 2017 (average sale price of $666,208) - but a 22% drop in number of sales (103 property sold in first four months of 2017).
Is this the start of a trend? Or just a temporary blip?
Source: Garden State Multiple Listing Service
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