Westfield, NJ, was incorporated in 1798, making it one of the oldest towns in New Jersey. Home to approximately 30,000 people, Westfield covers 6.8 square miles in Union County, NJ
The housing market in Westfield is booming, and has been for many years.
An analysis of active listings in January of each year for the past eight years reveals that the huge inventory of 2007 is gone and the market seems to have stabilized. This usually means less competition between homes.
What we're seeing instead is that prices in Westfield, over the same time period, have changed but not apparently with regard to the inventory.
More surprisingly, the average Days on Market in Westfield has increased for the past two years with no apparent decrease in price or change in inventory.
While certainly we don't have a crystal ball, Westfield has remained a town that people want to live in. There's never a shortage of buyers looking in Westfield, and it's doubtful that's going to change any time soon!
If you're interested in buying or selling in Westfield, please give us a call at 732-499-0030 x 244.