Here's the last month's report for Multi Family sales in Morristown NJ. There has been a slight uptick in the amount of inventory as well as the the activity. This is probably due to the approach of the Spring market and a renewed interest in property buying. A lack of inventory in Morristown may also be driving interest.
MARKET PRICING DETAILS
2 | 01/29/2010 | $360,000 | $300,000 | $330,000 | $330,000 |
15 | 01/21/2010 | $599,900 | $210,000 | $392,967 | $389,000 |
Here's a bar graph that shows the asking price vs sales price. Note the info at bottom that gives a percentage of the asking price versus actual sales price. The trend over the past 2 years has been that a majority of properties of ALL types have been selling for less than asking price, no matter what the asking price has been.
RECENTLY SOLD HOMES
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