A great place to live and work

When you decide to sell your home, how long will your home be on the market?

It’s a good question, and the answer largely depends on location. For the first half of 2014, the average Union County home was on the market for

UCDOM1sthalf2014

The homes in Linden, Union, Rahway, and Garwood took much longer than the average Union County home to sell. Homes in Cranford, Mountainside, Westfield, and Clark were the fastest sellers in Union County for the first half of the year.

How does this compare to last year?

The real estate market in 2012 and 2013 was very different from this year because buyers and sellers were beginning to recover from a recession. In 2014, the economy has stabilized somewhat and the housing market has adjusted.

UCDOM1sthalf2014with2013

Some towns, 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 saw very slight gains in speed.

Other towns, like Garwood, saw homes selling nearly a full month slower this year as compared to last year. Homes in Union didn’t see a noticeable change in Days on Market from 2013 to 2014.

How does this affect you?

If your town has slower selling homes, you need to make sure your home is in the best market condition possible and you need to price it competitively to attract buyers.

Which towns changed the most?

changeDOM1sthalf2014with2013

 

Cranford and Springfield homes decreased their selling times the most, and Garwood’s selling time increased the most when the first halves of 2013 and 2014 are compared. How does this affect prices? 

 

When you’re ready to buy or sell a Union County home, please contact us for more information! 

 

 

 

 

Advertisements

Comments on: "Union County mid-year Real Estate Market – How fast are homes selling?" (2)

  1. […] Union County Mid-Year Real Estate Report – How fast are homes selling? 7/12/14 […]

  2. […] Union County Mid-Year Real Estate Report – How fast are homes selling? 7/12/14 […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: