market report: The New Jersey Skinny for Q3 - 2015...Steady As She Goes!
- 10/26/15 02:24 AM
The New Jersey Skinny Q3 - 2015 Steady As She Goes! The 3rd Quarter for 2015 is already over. Holy cow! Where does the time go? Before you know it, we'll be eating turkey and bundling up. But the real estate market in New Jersey is still steady. Median prices statewide remained steady, year-over-year for the 3rd straight season. Inventory levels have dipped, while pending and closed sales were up. What does this mean? Check out this quarter's New Jersey Skinny to find out!! Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where things … (2 comments)
market report: The New Jersey Skinny - Report for August, 2015
- 09/05/15 01:55 AM
The New Jersey Skinny - Report for August, 2015 Supply and Demand Last months numbers are a lesson in simple economics. Overall, supply was down with fewer listings on the market. However, the number of pending sales and closings was up slightly. This combination is a forecast for rising home prices. The sales data did bear this result, with prices creeping up, a higher list-to-sales-price ratio, and a decrease in the absorption rate. Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where things are headed throughout the year.
Real estate market data for Cranford, NJ provided by Tg Glazer of Coldwell Banker, Westfield-East.
Cranford, NJ Home Prices The real estate market in Cranford, NJ started 2015 softly. Although prices were down, activity was markedly up. Traffic being reported at open houses has been very brisk, and the media reports of first-time homebuyers starting to really be a factor are panning out. If you are considering buying a home in Cranford, NJ, there are plenty of things to consider, so having a good real estate agent who understands the market is a must. Homes that are priced right are … (3 comments)
market report: The New Jersey Skinny - Report for October, 2014
- 10/22/14 05:51 AM
The New Jersey Skinny October, 2014 More of everything.... As the New Jersey real estate market continues to recover, the key metrics are looking good. With more inventory available for Buyers to choose from, there are more pending sales, strengthening the overall market. However, as we know, all real estate is local. So, if you would like specific information about your town's market, please CONTACT ME!
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market report: Cranford, NJ Market Report - October, 2014
- 10/21/14 03:40 AM
Cranford, NJ Market Report October, 2014 Fall is a time for change. The kids are back in school (woo hoo!!), the trees are putting on a spectacular show of color, and even though it's the middle of October, I'm already seeing Christmas displays!! The Cranford, NJ real estate market is changing, too. We are now in the post-summer spike in home sale activity. This bump usually last a few months, until the holiday season is really in full swing. While the year-over-year statistics (that is the numbers for Sept. 2014 compared to Sept. 2013) for the Cranford, NJ real estate market could … (1 comments)
market report: The New Jersey Skinny - Second Quarter, 2014
- 07/24/14 07:10 AM
The New Jersey SkinnySecond Quarter 2014Growth Continues! The second quarter numbers are now in for the 2014 New Jersey real estate market. There is lots of positive news regarding jobs and the overall economy. On the heels of that is some additional good news for the overall housing market.
Thanks to 10K research and the New Jersey Realtors®, this comprehensive short video will give you all the information. If you would like specific information about your town's market, please CONTACT ME!
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market report: Cranford, NJ Market Report - May, 2014
- 05/21/14 12:30 AM
Cranford, NJ Market Report May, 2014 Spring has finally arrived, although a little wet. Those April showers have certainly lingered into May! The real estate market in Cranford, NJ has been stable and remains strong. Year-over-year, the median sales price for a single family home in Cranford was up 13.7% to $415,000. This is also an increase of 23.9% over last month, so things are looking good this spring. All of the other key metrics have been relatively stable over the last couple of months. The number of new listings and current inventory has remained basically the same, while the number of … (1 comments)
market report: Cranford, NJ Market Report - April, 2014
- 04/16/14 02:22 AM
Cranford, NJ Market Report April, 2014 Spring has started to appear, and the Cranford, NJ real estate market is finally starting to see the signs. While the brutal winter had fewer Sellers putting their homes on the market, leading to a shortage of inventory for the many Buyers looking, more properties are finally starting to become available. This is leading to a little more balanced market. View Tg Glazer's Market Videos Open house attendence has continued to be robust, indicating that there are plenty of Buyers out there. Now that there are more homes for purchase, the spring real estate market in … (4 comments)
market report: Westfield, NJ Market Update - February, 2014
- 02/14/14 04:46 AM
Westfield, NJ Market Update February, 2014 The hot Westfield, NJ real estate market cooled off just a bit in January (but then again, EVERYTHING cooled off in January!!), with fewer closed sales of single family homes than the previous month. Additionally, year-over-year closed sales for January were down. This is certainly not a surprise, coming off of the pending sales that went under contract during the traditionally slower holiday season. Oddly enough, while the day-on-market went up significantly, the list-to-sale price ratio also inched up. These to indicators are often tied together, with overpriced homes sitting on the market not realizing sales … (1 comments)
market report: Cranford, NJ Market Report - February, 2014
- 02/13/14 11:04 AM
Home sales in Cranford, NJ remain stable The real estate market in Cranford, NJ remains stable at the beginning of 2014. New single family home listings remained at fairly constant level from December, 2013 to January, 2014 and the inventory of homes for sale was also almost identical. Additionally, the absorption rate (how many months it would take for the current inventory to sell if nothing new came on the market) was basically the same from December to January, at 2.7 months. This is down from 4.9 months the previous year, indicating that we remain in a Seller's market. Although the median … (0 comments)
market report: The New Jersey Skinny - Fourth Quarter, 2013
- 01/27/14 12:09 AM
The New Jersey Skinny Fourth Quarter 2013 Things Are Looking Up! The latest numbers are out, and 2013 was a very good year for real estate in New Jersey. According to the New Jersey Association of Realtors® and 10K Research, all of the main indicators showed positive signs across the state. Additionally, because the market has shown improvement, Sellers are starting to get back on track, meaning more available inventory to meet pent-up Buyer demand. So, things are looking up for 2014!!
If you'd like to find out more about the market in your town, please feel free to contact me! … (1 comments)
market report: Cranford, NJ Market Report - January, 2014
- 01/17/14 11:36 AM
Cranford, NJ Market Report January, 2014 The holiday season of 2013 was good for the Cranford, NJ real estate market, which finished strong. And the outlook for 2014 remains positive. Indicators continue to show that we are in a Seller's Market and the real estate recovery moves on. Year-over-year, closed sales outpaced new listings. In other words, more homes came off the market than went on. Simple supply and demand tells us that this tends to increase prices. And, this was the case. The median home price was up almost 10% from December of 2012, to $425,000. Once again, the absorption rate … (0 comments)
market report: Cranford, NJ Market Report - November, 2013
- 12/16/13 01:58 AM
The real estate market in Cranford, NJ remains strong, even during what is typically a slower holiday period. The key indicators are in the Single Family Home sales. The “absorption rate”, which is the month’s supply of inventory if no new homes came on the market is down 17% year-over-year, from 4.1 to 3.4 months. An “even” market is 6months. More than 6 months tends toward a Buyer’s market and less leans toward a Seller’s market.
This is further evidenced by the median sales price being up 11% from November 2012, from $380,000 to $422,000 and the Days On Market is … (2 comments)
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