HOME SALES IN MAPLEWOOD NJ FOR DECEMBER 2013
Real estate market data for Maplewood NJ provided by Barbara Lawrence of Keller Williams Midtown Direct Realty.
Maplewood NJ Home Sales
We have seen 6 straight months of sold price increases on home sales in Maplewood NJ and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Maplewood NJ but having a good real estate agent who understands the market is a must. Don’t wait too long to find a great home, many of the good listings sell within a few days of hitting the market, and often in multiple bids. As you can see from the graph below, listings are selling well above their asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Maplewood NJ home on which you are making an offer.
If you are interested in how much current inventory is on the market in Maplewood NJ you can find that information by clicking on the link, or on the graph above. Currently in this area of Maplewood, homes have a median time of 78 days on the market before they sell. Sellers should make sure to price their home just under market value if they expect to get more than one offer. Low inventory in Maplewood NJ has multiple offers coming in on homes similar to what we saw back in 2005. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Maplewood NJ Real Estate Report Summary
The median list price in December for single family homes and condos in Maplewood NJ (07040) is $317,020.
The number of active listings in Maplewood dropped by -0.3% from the previous month.
The percent of unoccupied properties is very low in Maplewood (07040). It is -12.55% below the national average.
The percent of rental properties in Maplewood (07040) is 25.16% above the national average which is typical for urban areas.
Find Homes for Sale in Maplewood NJ
Visit my website to search for homes in Maplewood NJ or to be notified when Maplewood NJ homes come on the market.
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