There are currently 185 single family homes and 3 multi family homes on the market for sale. These numbers have risen substantially in the past month as the spring market has picked up. Last month, there were about 155 listings for sale at this time. Inventory levels are much higher than before, giving buyers more options when selecting a home.
Although prices and demand in general have trended lower, Westfield still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.
There were 26 properties that closed in March in Westfield, the average selling price was $903,497 and the average days on market was 81. (according to Garden State MLS Statistics)
Prepared By:
Sean Carroll - Realtor
RE/MAX Classic Group
Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!
- Location:
- New Jersey Union County Westfield
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Rainer
60,118
60,118
Primary Residential Mortgage, Inc. - Ephrata, PA
The Mortgage Maverick
The trend to higher days on market is happening everywhere. It is simply the market finally correcting itself.
We have been on a high for so long, it was time for the market correction to happen. Pricing the property right will take on more importance as competition wanes and prices level off or decline.
Now it is time for the real estate professionals to go to work and use their skills to drive traffic to the listings.
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Rainer
119,762
119,762
Sean Carroll
Real Estate Speaker and "Expert" Coach