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Monthly Residential Property Market Analysis For South Orange, New Jersey- August 2008

By
Real Estate Agent with ERA Queen City Realty

South Orange's residential listings were up by 22.4% at 180 with an average price of $666,428, down from last year during the same period. New listings were up at 32 for the month with an average price of $772,229 up by 1% over last year.

Properties scheduled to close were up in volume and down in price, at $582,242.

Sales were down by 17.4% with an average sales price of $594,579, down by 14%.

 

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