Here are the raw numbers for Westfield NJ for the 2 month period from December 1 through January 31. Later this week, I will be posting the 4th quarter numbers and comparing that quarter to the 3rd quarter and the 4th quarter from a year ago, so you can see where are market is, and maybe even where it is going.
Here is the data for those 2 months:
Closed Sales: 19 (this is very low compared to past months)
Avg. Sales Price: $785,842
Avg. Final List Price: $828,421
List to Sale Price Ratio: 94.8% (this is as low as I've seen this number in a while, indicating a very sharp decline in home prices in the 4th quarter, like I shared in prior blogs)
Avg. Days on Market: 66 (you can still sell fast with proper pricing and marketing)
Check back for more numbers soon for other towns, and for the quarterly reports and comparisons! Thanks for reading.