Kenilworth Months of Supply

By
Real Estate Agent with Samsel & Associates 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 Kenilworth doing? We crunched the numbers and the graph below shows how the real estate market in Kenilworth is shaping up this summer. To understand how this affects you, call us today for a complimentary homeowner’s consultation. 

 

For more information on Kenilworth Real Estate:

Sell my Kenilworth home! - 06/24/13

Real Estate Market Report for Kenilworth, NJ for April, 2013 - 05/19/13 

Kenilworth Real Estate Market Report - January-March, 2013 - 04/20/13

How long will my Union County home be on the market? - 02/24/13

Kenilworth Real Estate Market - 2012 in Review - 01/05/13

Kenilworth Marketing Report - 02/20/12

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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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Real Estate Market Trends
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New Jersey Union County
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buying a home
selling a home
kenilworth
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Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wayne & Jean, great post to explain to buyers and sellers where the shift comes in relating to the days on market.   We have areas in Denver with less than 2 weeks!

Jul 10, 2013 11:11 PM #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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