Mendham NJ Real Estate Market Update MAY 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 MAY 2014 with the exception of Pending Sales, which may be a positive indicator for increased sales in the upcoming months as these transactions close:
The rolling 12 month sales volume decreased by (10) units or 11% - Last year: May 2012 thru May 2013 (88 homes sold) as compared to the current period: May 2013 thru May 2014 with (78 homes sold).
The May year-to-date numbers decreased modestly by (8) units or 24% as compared to last year's year-to-date total (33 homes sold) to the current period with (25 homes sold).
The monthly volume for the number of sales occurring last May (8 homes sold) as compared to this May (4 homes sold) is down sharply by 50% or (4) units.
The volume of Pending Sales (Under Contract) as of the last day of May 2014 is at (11) units which is ahead by (3) units or 37% as compared to last year at this same time which was (8) units.
Look below to see the individual homes that sold in Mendham Township NJ for the month of MAY in 2014. Also shown below is a bar graph illustrating the amount of homes that have SOLD Year-to-Date through MAY over the past 5 years, followed by another graph showing a year to year comparison for homes SOLD in in the month of MAY over the same 5 year period.