The market report in Fanwood shows some improvements over last year.
For starters, take a look at the active lisings in town:
The data shows that the number of active listings is going down. Could this mean the end of the giant inventory and subsequent buyer's market?
Another good indicator of the Fanwood real estate market is the number of days homes take to sell. This data is composed of homes that sold and indicates how many days from listing to contract.
No obvious trend, but December of 2011 showed a very robust market with quick turnover time for sales compared to a pretty slow summer.
The final piece of data we'd like to show you is a comparison of sale price versus list price. A high sale price compare to list price ratio means that homes are selling at or close to list price, and a low ratio means that homes are selling well below list price.
This appears to be good news for Fanwood homeowners. The 2011 data shows that homes were selling at a higher percentage of list price than they were in 2010.
Looking to buy or sell in Fanwood? Call today!