How does the Months Supply in Rahway affect sellers?

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 Rahway doing? We crunched the numbers and the graph below shows how the real estate market in Rahway  is shaping up this summer. To understand how this affects you, call us today for a complimentary homeowner’s consultation.

 

 

For more information on Rahway Real Estate:

Rahway Real Estate Market Report - April, 2013 - 05/27/13

Rahway, NJ - A brief historical look - 03/04/13

Rahway Real Estate Market Report - January-March, 2013 - 04/05/13

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

The Winter Real Estate Market in Rahway - 02/23/13

Buying or Selling a Home in Rahway, NJ - 01/12/13

How do additional bathrooms or bedrooms affect market value in Rahway? - 10/15/12 

Free Market Report of Rahway Homes! - 08/13/12

Rahway Market Trends - 03/25/12

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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 Rahway
Tags:
buying a home
selling a home
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Rainmaker
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Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

Hi Guys... This is in my opinion an awesome post... Great Job...

Jul 09, 2013 11:17 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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