Chester NJ Real Estate Market Update MAY 2014

Chester NJ Real Estate Market Update MAY 2014

by Bob Zorechak - GRI, ABR, e-PRO

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

The numbers for CHESTER TOWNSHIP are somewhat of a mixed bag for MAY 2014:

• The rolling 12 month sales volume decreased slightly by (8) units or 7% - Last year: May 2012 thru May 2013  (108 homes sold) as compared to the current period: May 2013 thru May 2014 with (100 homes sold).

• The May year-to-date numbers decreased modestly by (8) units or 18% as compared to last year's year-to-date total (44 homes sold) to the current period with (36 homes sold).

• The monthly volume for the number of sales occurring last May (11 homes sold) as compared  to this May (12 homes sold) is up slightly by 9% or (1) unit.

• On a another positive note the volume of Pending Sales (Under Contract) as of the last day of May 2014 is at (18) units which is significantly ahead by (8) units or 80% as compared to last year at this same time which was (10) units.

Look below to see the individual homes that sold in Chester 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.