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Mountainside Real Estate - 2012 in Review
Mountainside, NJ, is a beautiful borough in northwestern Union County and is home to nearly 6700 people. New Jersey Monthly magazine ranked Mountainside as its 16th best place to live in its 2008 rankings of the "Best Places To Live" in New Jersey, as well as eighth in the 2010 list.

In Mountainside, 74 homes were sold in 2012 with sales peaking in June and resulting in a 19% decrease in inventory at the end of 2012 compared to the beginning of 2012. Only 38 homes are actively for sale in Mountainside creating urgency on the part of buyers. There is 5 months worth of inventory remaining in Mountainside which is much lower than most of Union County. At the current rate of sales, it will take 5 months for the existing listings to sell.

This shortage of inventory is evident when we look at the Average days on Market (DOM). The average Days on Market is an indication of how quickly, or slowly, homes are selling. High demand usually lowers the DOM and high inventory normally increases the DOM.
 In January, Mountainside real estate had a slow start with homes taking more than 9 months to sell, on average. That quickly changed and by ... more

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