Union Real Estate Market Report - August, 2013

By
Real Estate Agent with Samsel & Associates 0790808

 

Union, NJ, is home to nearly 57,000 people. It occupies northern Union County in the area that was called Connecticut Farms in the 18th Century. Nearly 57,000 people live in Union.

There are six primary (PreK-4) schools:

Central Five-Jefferson School serves grade 5, and Burnet Middle School and Kawameeh Middle School serve grades 6 though 8. Union High School serves 2400 students in grades 9-12.

 

 

In July, there were 335 homes listed for sale and 33 homes sold. This results in a months supply of 8.2. 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 more than 5 months is what real estate professionals often call a "buyer's market." This means that there are more sellers than buyers in the area and homes are selling slower than they are being put on the market. Typically, this decreases prices. Historically, however, the months supply in Union is significantly lower than it was this time last year when it was over 14.

The average list price of a home in Union in July was $268,185, nearly level with the average list price for hte past year. The average sale price was $270,035, roughly 4% higher than the average sale price in June and more than 7% higher than the average sale price in July of 2012.

 

 

Homes in Union are selling, on average, after 84 days on the market. Contrast this with the 161 days a home was on the market before selling in January of 2012.

 

For more information on selling a home:

To see photos and descriptions of all of the homes currently offered for sale in Union, please click here.

If you're considering selling your Union home, call us today for a free comparative market analysis of your home.

For more information on Union 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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Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Buyers, Want to know more about the Real Estate market in Union, NJ? Just call Wayne and Jean for all your Real Estate goals!

Aug 06, 2013 10:10 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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