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The Cranford, NJ, Real Estate Market Report for First Quarter, 2015

Winter is the slowest time in Union County Real Estate. Not only do homes take longer than average to sell in the winter, they also sell for less in the winter than they do the rest of the year.

But don’t think for even one moment that Cranford’s real estate market is dead in the winter!

This winter, Cranford had 94 active listings and 34 sold listings. The average sale price this winter was $403,299 with the average home selling after 69 days.

How does the winter of 2014-15 compare with previous years?

Fewer homes were sold this winter (34) than last winter (42).

cransoldfirstquarter2015

Inventory is higher this year (94 listings) than last year (81).

craninvfirstquarter2015

The average sale price in the first quarter of 2015 was $403,299 compared with an average sale price of $363,056 last year.

cranpricefirstquarter2015

The average home sold after 69 days this winter compared to 51 days in 2014.

crandomfirstquarter2015

If you’re planning on selling your Cranford home, call Team Zuhl today for a free comparative market analysis of your home. If you’re thinking of buying a home in Cranford, call us today!

For more information on selling your home:

For more information on Cranford Real Estate:

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Comments on: "Cranford Real Estate Market Report – April 2015" (5)

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