Home Sale Prices in Millburn, NJ
Home sale prices in Millburn, NJ have been experiencing a steady rise for the past 5 months, and things aren't slowing down. The sale prices existing much above asking prices illustrates a very competitive market for buyers. To get the best property and at the lowest price for your money, seek the help of an agent experienced with the Millburn market. Having this resource will prove invaluable when trying to compete in this sellers market. Working with a seasoned professional will also provide you with an inside track into properties and market conditions. You'll receive updates on listings as soon as a new home hits the market, and know what to look out for when it comes to potential home inspection issues. With the average listing time only 77 days, stay on top of current inventory in Millburn, and act fast. 
The number of listings in the Millburn area has dropped a signficant 41.7% since the previous month. With fewer houses being sold each month, the competition for buyers is going to be steep. Sellers can expect to get a number of bids and, ultimately, sell well above their initial asking price. The number of unoccupied properties in Millburn is very low at 3.17%. This suggests that there are plenty of people wanting to live in the area, but fewer sellers leaving Millburn.
Millburn, New Jersey Real Estate Report
The median number of days that active properites are listed is 77. Despite this median average, homes that are price right and show well as accepting offers within a week.
The percent of unoccupied properties in Millburn is 11.7% below the national average.
The percent of rental properties in Millburn is 15.79%, above the national average.
If you are looking for a new place to call home, please Barbara Lawrence with any questions that you may have on home prices in Millburn, NJ.
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