Cranford Real Estate Market Report - August 2013

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Real Estate Agent with Samsel & Associates 0790808
https://activerain.com/droplet/426H

Cranford, NJ, is a lovely town in central Union County and is home to roughly 23,000 people. Cranford High School has consistently ranked in the top schools in the Country and State.

At the end of July, there were 121 properties offered for sale in Cranford. This represents a 4% increase over June and a 36% increase over July of 2012. 26 homes were sold in Cranfod in July, the highest sales per month in the last 18 months.

 Increased sales has resulted in a decreased months supply in Cranford, despite the high inventory. As calculated, there are 4.5 months of supply in Cranford. 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. In Cranford, this is a very weak seller's market.

The average sale price of homes sold in Cranford in July was $434847, slightly higher than the average sale price in June and almost 15% higher than the average sale price of July 2012. List price continues to climb. The average list price of a home in Cranford in July was $457,509.

 

 

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
months supply
cranford
real estate

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Rainmaker
3,226,993
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 and Sellers in Cranford, NJ...The best way to find out how this market is doing is to read this Market Report and then  call Wayne & Jean!

Aug 14, 2013 11:00 PM #1
Rainmaker
4,160,435
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 use of visuals in relaying the statistics for home sales in Cranford!

Aug 14, 2013 11:53 PM #2
Rainmaker
974,759
Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

Good local report... like your links... Happy Day

Aug 15, 2013 12:51 AM #3
Rainmaker
325,013
Barbara Flannery
USA Realty,Inc. - London, KY
"Homes for Everyone In London Kentucky"

Good Post!! Love the visuals!!! Have a Great Real Estate Day!!

Barbara

Aug 15, 2013 02:18 AM #4
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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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