Real Estate Market Report for Clark, NJ for April, 2013
Clark, New Jersey, sits in southern Union County to the west of Rahway and the east of Fanwood. Clark is a beautiful town easily accessible by the New Jersey Parkway in southern Union County. The township is named for Abraham Clark who was a signer of the Declaration of Independence. New Jersey Monthly magazine ranked Clark as its 33rd best place to live in its 2008 rankings of the "Best Places To Live" in New Jersey.
When we look at the Clark real estate market, we see that the inventory has begun a slight increase but still isn’t anywhere near the peak of summer, 2012.
As inventory drops, prices typically increase. As of April, prices were about 30% higher than March and about 28% higher than April, 2012.
Sale prices in Clark were continue to average at 95% of list prices.
The best news for homeowners may be the speed at which homes in Clark are going under contract. In April the average number of days from going on the market to being under contract was only 24 – about 50% faster than in March and about 30% faster than April of 2012.
Increased prices and shorter days on market means a booming seller’s market in Clark! If you're interested in finding out how much your home is worth, call us today for a free market analysis of your home!
For more information on Clark and Clark Real Estate:
108 Homes Sold in Clark, NJ, so far in 2012! - 07/09/12
It's time to buy in Clark! - 02/26/12
Clark, NJ, Market Study - 02/13/12