Mendham NJ Real Estate Market Update APRIL 2014

Mendham NJ Real Estate - Market Update APRIL 2014

by Bob Zorechak - GRI, ABR, e-PRO

Note: There are two separate reports for MENDHAM - one for the TOWNSHIP and one for the BOROUGH

The numbers for MENDHAM TOWNSHIP are mostly down for APRIL 2014:

• The rolling 12 month sales volume increased slightly by (1) unit or 1% - Last year: April 2012 thru April 2013  (82 homes sold) as compared to the current period: April 2013 thru April 2014 with (83 homes sold).

• The April year-to-date numbers decreased slightly by (4) units or 16% as compared to last year's year-to-date total (25 homes sold) to the current period with (21 homes sold).

• The monthly volume for the number of sales occurring last April (13 homes sold) as compared  to this April (7 homes sold) is down sharply by 46% or (6) units.

• The volume of Pending Sales (Under Contract) as of the last day of April 2014 is at (5) units which is behind by (4) units or 44% as compared to last year at this same time which was (9) units.

Look below to see the individual homes that sold in Mendham Township NJ for the month of APRIL in 2014.  Also shown below is a year to year comparison bar graph for the amount of homes that have SOLD Year-to-Date through APRIL followed by another graph illustrating the number of homes SOLD in the month of APRIL, both over the past 5 years.