An important first step in buying or selling a home is learning about market conditions. Team Zuhl has crunched the numbers for you and here's what you need to know.
Inventory: There are currently 345 homes offered for sale in Union. This is good news for buyers. The inventory has recovered from its very low dip this winter - down to 197 in December - so there's more to choose from. Sellers need to make sure that their homes are priced competetively and are in top condition in order to compete as the inventory continues to rise.
Prices: Increased supply often decreases prices, and that's exactly what we're seeing in Union this month as well. The average sale price in Union in April was $224,481, down 13% from March's average of $258,815 and down 10% from the 12 month average of $250,282.
Days on Market: Sales continue to be sluggish. The average sold home in Union in April had been on the market for 117 days, about average for Union over the past 2 years.
To view this month's infographic, please click the image below.
For more information on selling a Union home:
- 3 Simple Steps To Selling Your Home Fast - 03/26/12
- 4 Ways to Get Union County Homes to Sell Quicker!! - 01/12/12
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:
- Union Real Estate Market Report - 4/26/2014
- If You're Ready to Buy, Union is the Town for you! 3/2014
- Big Range of Homes for sale in Union - 1/19/2014
- October in Union's Real Estate Market
- Union Real Estate Market Report - August, 2013 - 08/07/13
- It's a Buyer's Market in Union! - 07/01/13
- Real Estate Market Report for Union, NJ - April, 2013 - 05/28/13
- JUST LISTED!! 1937 Arbor Lane, Union - 05/13/13
- Market Report for Union, for January-March, 2013 - 04/07/13
- JUST SOLD! 1473 Burnet Ave, Union - 12/27/12
- How long will my Union County home be on the market? - 02/24/13
- Real Estate Market Looking Up In Union, NJ - 10/26/12
- How do additional bathrooms or bedrooms affect market value in Union? - 10/13/12
- Free Market Analysis of Union, NJ - 08/01/12
- Union NJ Market Report for the First Half of 2012 - 08/01/12
- Union NJ Marketing Trends - 03/18/12