How does the Cranford Real Estate Market affect you?

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

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 Cranford doing? We crunched the numbers and the graph below shows how the real estate market in Cranford is shaping up this summer.

 

 

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

To understand how this affects you, call us today for a complimentary homeowner’s consultation.

 

For more information on Cranford 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 Cranford
Tags:
buying a home
selling a home
market report
buyers market
sellers market
absorption
cranford
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 know your market very well, hopefully the coming months will being you more listings and sales.

Jun 30, 2013 12:54 AM #1
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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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