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Before you buy or sell a home in Rahway, your first step is to understand how the real estate market is performing. Here’s what you need to know this summer.

Inventory: There are currently 228 single family homes offered for sale in Rahway. This is slightly higher than previous years. Higher inventory sometimes leads to lower prices.

rahwayINVjune2015

Fifteen homes were sold in June in Rahway. This is much lower than we usually see in June.rahwaySOLDjune2015

Prices: The average home that sold in Rahway in June was sold for $234,739. This is the highest average sale price we’ve seen in Rahway since last summer and higher than the 12 month average sale in Rahway which is $209,872.rahwayPRICEjune2015

Sellers who want to get top dollar for their home will want to be sure that their marketing is on point and that their home is appropriately priced. Buyers who are looking for a bargain in Rahway will want to do their research. When you find the home you want to buy, be sure that your offer is competitive because there are many multiple offer situations this summer.

Days on Market: Homes that sold in Rahway in June had been on the market for an average of 95 days. This is slower than we saw last summer when homes were selling iafter 43-55 days.

rahwayDOMjune2015

Home sellers who are interested in selling their property quickly will need to be sure that the home is priced correctly. Overpriced homes sell much more slowly, if they sell at all. Condition also affects the speed at which a home will sell. Homes that are cleaner, more up to date, and in better condition will sell faster than others.

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

For more information on selling a home:

For more information on the Real Estate in Rahway and Linden:

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Comments on: "Buying and Selling a Home in Rahway – July 2015" (2)

  1. […] Buying and Selling a Home in Rahway – July 2015 […]

  2. […] Buying and Selling a Home in Rahway – July 2015 […]

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