The real estate market in Rahway has had a tough recovery, but there are some good signs that recovery is on its way.
One of the factors that real estate professionals use to evaluate the strength of a real estate market is by the month’s supply. This number tells us how many months it would take, at the current rate of sales, for all the current homes on the market to sell. Having less than 5 months of supply is what real estate professionals call a sellers’ market – there are more buyers than sellers and homes are selling quicker than they are put on the market. Having more than 5 months of supply is what real estate professionals call a buyers’ market – there are more sellers than buyers and homes are selling slowly. In Rahway, the inventory has 8.97 months of supply – certainly a buyers’ market, but significantly weaker than in the past.
The average home that sold in Rahway in October sold for $232,552, up from $222,667 in September and up from $208,000 in October of 2012.
There are currently 191 homes offered for sale in Rahway. Seventeen were sold in October. To browse homes that are offered for sale, please click here.
Team Zuhl is here to help you every step of the way. Please call or email us when you’re ready to get your home on the market! Good luck!
For more information on selling a home:
- 3 Simple Steps To Selling Your Home Fast – 03/26/12
- 4 Ways to Get Union County Homes to Sell Quicker!! – 01/12/12
For more information on Rahway Real Estate:
- Rahway Real Estate Market Report – August 2013 – 08/05/13
- How does the Months Supply in Rahway affect sellers? – 07/10/13
- Sell my home in Rahway! – 07/02/13
- Rahway Real Estate Market Report – April, 2013 – 05/27/13
- Rahway, NJ – A brief historical look – 03/04/13
- Rahway Real Estate Market Report – January-March, 2013 – 04/05/13
- How long will my Union County home be on the market? – 02/24/13
- The Winter Real Estate Market in Rahway – 02/23/13
- Buying or Selling a Home in Rahway, NJ – 01/12/13
- How do additional bathrooms or bedrooms affect market value in Rahway? – 10/15/12
- Free Market Report of Rahway Homes! – 08/13/12
- Rahway Market Trends – 03/25/12