Months of Supply in Clark, NJ

By
Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/XNB

 

Real Estate Professionals judge the strength of a real estate market based upon the months of supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past.

A Months of Supply of 5 months is considered average - buyers and sellers are about equal in the area and homes are being bought at about the same rate that they are being put on the market.

A Months of Supply of less than 5 months is what real estate professionals often call a "seller's market." This means that there are more buyers than sellers in the area and homes are selling quicker than they are being put on the market. Typically, this increases prices.

A Months of Supply of greater than 5 months is what real estate professionals call a "buyer's market." This means that there are more sellers than buyers in the area and homes are sitting unsold for a while. Typically, this decreases prices.

How's Clark doing? We crunched the numbers and here's how the real estate market in Clark is shaping up this summer:

Is it a buyers market or a sellers market in Clark, NJ?

So what does this all mean to Clark homeowners? Call Team Zuhl for a complimentary consultation on your home buying and selling needs.

To compare this information to last year's report, check out  How is the Real Estate Market in Union County? 

 

For more information on Clark and Clark Real Estate:

 

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

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Topic:
Real Estate Market Trends
Location:
New Jersey Union County Clark
Tags:
buyers market
sellers market
absorption
clark
real estate
months of supply

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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

You guys sure do know your market, the right reason for buyers and sellers to have you represent them.

Jun 25, 2013 07:07 PM #1
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Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Good explanation, Jean. The market is looking good in Clark.

Jun 25, 2013 11:37 PM #2
Rainmaker
1,312,223
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Thanks, Joe - we're having a great summer in Clark!

Sure is, Toni - thanks for visiting!

Jun 26, 2013 01:07 AM #3
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Rainmaker
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Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate
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