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Home buyers and sellers in Kenilworth need to know market conditions before they make any decisions. Here’s what you need to know this month.

Inventory: The inventory in Kenilworth remains low for spring with only 41 homes offered for sale – the average this time of year is closer to 45.

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What does this mean to you? Buyers are eager to get into their new homes before the end of summer and are ready to look at your house!

Homeowners in Kenilworth who are considering selling their home might not find a stronger market. As the inventory continues to be low, prices are likely to increase.

Prices: We are seeing an slight increase in prices in Kenilworth, bkenPRICEmayut the spring market has been sluggish. May’s average sale price was $316,000, only 6% higher than April and 11% below the average last May of $361,942.

What does this mean to you? Homeowners can increase their home’s value by making sure that the home is in tip top showing condition and that all routine maintenance has been completed. Another way to increase your home’s value is to make upgrades that buyers are looking for – updated kitchens and baths always top the list.


Days on Market: 

The average home in Kenilworth was sold after 59 days on the market. Homes typically sell the fastest in the summer and the slowest in the winter.kenDOMmay

What does this mean to you?

Homes that are priced well and that show well are likely to sell the quickest. Contact us to be sure that you’re priced competitively.

If you’re interested in purchasing a home in Kenilworth or the surrounding area, please see a complete list of homes at www.WayneZuhl.com. If you’re planning to sell your Kenilworth home, please call us at 908-917-4189 for a free comparative market analysis of your home.

For more information on Kenilworth Real Estate:

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Comments on: "Kenilworth Real Estate Recovers slightly" (3)

  1. […] Kenilworth was the town whose properties showed the largest decrease in value from the first half of 2013 to the first half of 2014 with a 10.5% decrease in home values. Westfield was close behind with a 7.6% decrease in home values and Union homes lost 5.5%. […]

  2. […] and Springfield, saw homes selling a full month quicker this year than last year. Clark , Kenilworth , Linden, and Westfield also sold more quickly this year. Scotch Plains and Rahway saw very […]

  3. […] home sales were compared to 2012. Cranford homes lost 0.5% value, Scotch Plains lost 1.8% value and Kenilworth comes in with the biggest loss of […]

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