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Tewksbury NJ Real Estate Market Update MAY 2014
Tewksbury NJ Real Estate Market Update MAY 2014
by Bob Zorechak - GRI, ABR, e-PRO
The numbers for Tewksbury are a bit of a mixed bag for MAY 2014: The rolling 12 month sales volume is up sharply by 26% or 18 units - May 2012 thru May 2013   (70 homes sold) as compared to May 2013 thru May 2014 with (88 homes sold). The May year-to-date numbers are down slightly by 4% or 1 unit when you compare the current period (23 homes sold) to last year's year-to-date total (24 homes sold). The monthly volume for the number of sales occurring this May (6) as compared  to last May (5) is up slightly by 20% or 1 unit. The Tewksbury market continues to steadily improve especially when you look at this year's rolling 12 month sales volume being in double digit positive territory for the fifth straight month in a row. Things may be slowing down a bit as, the volume of Pending Sales (Under Contract) as of the last day of May 2014 is running 33% below 0r three (3) units less than last year's pace which was nine (9) units as compared to this year at ... more

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