Westfield NJ Real Estate - Westfield NJ Homes Sold - February, 2007

By
Education & Training with The Get Off Your A$$ Academy

For the 12 month period ending February 28, 2007 as compared to the 12 month period ending August 2006, there are some clear signs that the real estate market in Westfield, NJ has stabilized considerably. Prices and Inventory have leveled off, as the spring market approaches. Days on market has remained stable, as have the number of listings and list price to sales price ratio.

Average Days On Market:

12 mos Ending 8/2006: 52

12 Mos. Ending 2/2007: 57

List Price to Sales Price Ratio:

8/2006: 98%

2/2007: 97%

Total Listings Activated in MLS

8/2006: 3603

2/2007: 3726

These figures definitely support a more balanced and normalized real estate market, over the past several months, the amount of buyers and sellers has remained relatively equal. In the coming months, the inventory should rise, and depending upon the number of buyers, the prices and trends will react accordingly.

Prepared By:

Sean Carroll - Realtor

RE/MAX Classic Group

Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
New Jersey Union County Westfield
Tags:
westfield nj real estate
westfield real estate
westfield realtor
westfield nj homes

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
119,762

Sean Carroll

Real Estate Speaker and "Expert" Coach
Ask me a question
*
*
*
*