For the 12 month period ending January 31, 2007 as compared to the 12 month period ending July 2006, there are some clear signs that the real estate market in Garwood, NJ has continued to correct from record price appreciation, and a polarized seller's market to a moderate buyer's market and flat prices to slight price decline. Since Garwood, NJ is a small community, the numbers are much smaller compared to surrounding town, but the percentages of change seem to be similar.
Average Days On Market:
12 mos Ending 7/2006: 74
12 Mos. Ending 1/2007: 76
List Price to Sales Price Ratio:
7/2006: 98%
1/2007: 97%
Total Listings Activated in MLS
7/2006: 211
1/2007: 269
Prepared By:
Sean Carroll - Realtor
RE/MAX Classic Group
Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your neighborhood Realtor
Comments(0)