Conventional wisdom may tell you that winter isn’t a good time to sell a home, but that doesn’t hold up for this winter in Cranford! 12 Homes sold in Cranford this January – that’s 50% more than sold last January.
The number of total listings in January, 2013, was about 25% fewer than in 2012 also, which adds to the sellers market that Cranford appears to be entering.
Open houses this winter have been crowded - buyers certainly seem to know that this is the time to buy. With mortgage rates beginning to go up just a tad (see Mortgage Rates - Where are they Now?), there's a certain element of excitement and eagerness among buyers that hasn't been there for a long time.
The average home that sold in Cranford this January was on the market for less than 3 months. Slightly higher than last year, this remains a faster selling market than we've seen in Cranford for 4 out of the last 5 years.
If you're thinking of selling your Cranford home this spring, spring has already sprung and it's time you spoke with Team Zuhl. Call us today!
For more information on the Cranford real estate market, check out our earlier market reports:
Cranford, NJ, Real Estate Market - 12/22/12
Free Market Analysis of Cranford, NJ - 07/30/12
Cranford Marketing Report - 02/27/12