Cranford, NJ Real Estate Update
There are currently 97 single family homes and 4 multi family homes on the market for sale. These numbers have risen substantially in the past month as the spring market picked up with a flood of new inventory. Last month, there were 79 listings for sale at this time. Inventory levels are much higher than before, giving buyers more options when selecting a home.
Although prices have trended lower, Cranford still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.
There were 14 properties that closed in May in Cranford, the average selling price was $$502,642 and the average days on market was 55. (according to Garden State MLS Statistics) This is 4 less closed sales than May.
Prepared By:
Sean Carroll - Realtor
RE/MAX Classic Group
Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!
http://www.cranfordhomesonline.com/
http://www.thecarrollconnection.com/
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