If you’re buying or selling a home in Cranford, NJ, here are the details you need to know!
The real estate market in Cranford experienced a very high inventory this summer but things have slowed down a bit lately with the inventory dropping significantly in November to be the lowest of the year. Things could be tough for buyers in Cranford right now as the supply is relatively low.
Homes were selling fast this summer in Cranford this summer with an average Days On Market under 40. Coupled with the high inventory, this was a busy summer real estate market in Cranford. Things slowed down this fall and now homes are selling slower – on average, it takes more than 80 days of showings to put a house under contract.
Homes in Cranford sell for an average of about $365,000, but prices were higher in the busier market this summer and lower as the market recovered last winter.
For more information on Cranford’s Real Estate market:
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