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

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Real Estate Agent with ERA Queen City Realty

North Plainfield residential listings were up to 245 representing an 13,43% increase over August 2007. Conversely, the average price was $279,022, down by 9.3%.

New Listings were down to 34 for the month, with an average price of $269,604. Properties scheduled to close were also down to 14 with an average price of $242,706, representing a decrease of 12%.

Sales for the month were nearly 50% lower by comparison to August 2007, while prices remained roughly the same at $282,083.

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