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

Newark's residential listings were 592 for the month of August, down from 664 for 2007 during the month of August. The average price was $233,443, also down.

New listings for the month came in at 68, down from 121 for 2007. The average price was down 21% at $219,407.

Properties scheduled to close were up at 18 with an average price of $206,567.

Sales were down slightly, with an average price of $180,000, a 21.5% reduction over August 2007.

Posted by William Collins, Broker Associate on 11/15/2008 11:29 PM

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Originally posted at: Central New Jersey Real Estate: Monthly Residential Property Market Analysis For Newark, New Jersey- August 2008

This post has been included in New Jersey Information Essex County, NJ Information Newark, NJ Information

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