Westfield, NJ Real Estate Update 

There are currently 203 single family homes  on the market for sale. These numbers have stayed stable in the past month. Last month, there were about 201 listings for sale at this time. Inventory levels in general are higher than in prior months, giving buyers more options when selecting a home.

Although prices in general have trended slightly lower, Westfield still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Westfield NJ has an excellent school system, an expansive downtown shopping and dining area, and a train line to Newark, with transfer service to Manhattan.

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 49 properties that closed in May in Westfield, the average selling price was $816,916 and the average days on market was 63. (according to Garden State MLS Statistics) This is a spike in buyer activity, as last month there were 30 closings, and the days on market were in the 80s.

Prepared By:

Sean Carroll - Realtor

RE/MAX Classic Group

Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!

http://www.westfieldpropertiesonline.com/

http://www.thecarrollconnection.com/