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Before you buy or sell a home in Clark, you need to understand the market conditions. Here’s what you need to know this month:

Inventory: There are currently 88 homes on the market in Clark ranging in price from $187,000 to $1,100,000 – definitely something for everyone in this market! Nine homes were sold in June which is very low for June.

Prices: The average and mean sales in June were 38% higher than the 12 month sales average and 30% higher than May. One or two high end sales can create this anomaly so it probably doesn’t have any significance in terms of the summer real estate market. While summer prices typically increase due to supply and demand, July’s numbers should give us a better indication of where the market is heading.

Days on Market: The average sold home in Clark in June was sold after 48 days on the market – a bit slower than the previous several months, but certainly not a slow market!

What this means to you?

Since only 9 homes were sold in June, the inventory will continue to increase. Buyers will find that they have a great selection of homes to choose from and sellers will find that their homes need to be in tip-top showing condition in order to sell.

clarkjune

For more information on selling a home:

For more information on Clark and Clark Real Estate:

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Comments on: "Clark Real Estate Market Update – July 2014" (5)

  1. […] average sale price of 14.3% higher than 2013. Springfield was also a big winner with a 14.2% jump. Clark saw a 12.2% increase and Cranford home prices increased by […]

  2. […] like Cranford 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 […]

  3. […] Call  us today for a free Comparative Market Analysis! We’ll compare your home with others like it and can usually estimate within 2% of what your home would sell for in today’s market. […]

  4. […] Clark Real Estate Market Report – July, 2014 […]

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