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

By
Real Estate Agent with ERA Queen City Realty

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.

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