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
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.
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?
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!
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