Months of Supply in Fanwood

By
Real Estate Agent with Remax First Realty II 0790808

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

 

So what does this all mean to Fanwood 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 Fanwood 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. 

Comments (6)

Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

If you can not decide if now is the time to list your home in Fanwood, NJ, the answer is yes.  Call the Zuhl team today for a complete outlook on the market.  Wayne and Marie Zuhl are the real estate experts in Fanwood, NJ.

Jul 12, 2013 11:02 PM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Too kind, Chris and Dick! Thanks for visiting!

Jul 12, 2013 11:22 PM
Beth and Richard Witt
Long Island Cash Home Buyer - Center Moriches, NY
Long Island Cash Home Buyer 516-330-6940

What more can I say??? Chris and Dick already said it all!!!

Happy Day

Jul 13, 2013 12:01 AM
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Wayne and Jean, I echo our fellow bloggers now is the time to sell and still a good time to buy with rates under 5%.

Seller give Jean and Wayne a call today they have buyers needs to purchase your home in Fanwood NJ.

Jul 13, 2013 01:42 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

With mortgage rates on the rise, anybody that waits to purchase is going to regret it!

Jul 13, 2013 03:03 AM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

5 MONTHS would definitely be seller's market here too.

Jul 13, 2013 10:32 AM

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