homes for sale in scotch plains: Prices up in Scotch Plains - August 2016
- 08/01/16 12:33 AM
Scotch Plains is currently experiencing a very strong real estate market. Here's what you need to know for August, 2016.
Inventory: There are currently 170 single family homes offered for sale in Scotch Plains. In the graph below, you can see that summer inventory is often high and this summer is no exception. In the graph below, the blue line represents the inventory over the past 4 years and it's plain to see that summer inventories are typically high and winter inventories are typically low. Faster home sales this summer will reduce the inventory in the next few months.
There were 34 homes sold … (1 comments)
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homes for sale in scotch plains: Scotch Plains Real Estate Market Report - July 2016
- 07/12/16 02:31 AM
Before you buy or sell a home in Scotch Plains, it's important to understand how the real estate market conditions affect prices. Here's what you need to know this month.
Inventory: Typically, increasing inventory in a housing market causes prices to decrease due to the law of supply and demand. Currently, there are 104 homes offered for sale in Scotch Plains compared to a 12 month average of 74 homes. Summer typically has a higher inventory but this is the highest inventory Scotch Plains has seen since 2012.
This graph shows the current inventory in red and this month's unusually high inventory is … (4 comments)
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Scotch Plains is currently experiencing a very strong real estate market. Here's what you need to know for August, 2016.
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