A great place to live and work

Posts tagged ‘days on market’

How long does it take to sell a home in Cranford, NJ?

DOMCranfordinfographic

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:

Advertisements

How long will it take to sell my Fanwood house?

DOMFanwoodinfographicIf you are a buyer or a seller interested in a home in Fanwood, please call Team Zuhl! We’re happy to help you in all of your real estate needs!

For more information on selling a home

For more information on Fanwood Real Estate:

How long will it take to sell a home in Clark, NJ?

DOMClarkinfographic

If you are a buyer or a seller interested in a home in Clark, New Jersey, please call Team Zuhl! We’re happy to help you in all of your real estate needs!

For more information on selling a home:

For more information on Clark and Clark Real Estate:

Union County mid-year Real Estate Market – How fast are homes selling?

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! 

 

 

 

 

When do I List my home to sell it the quickest?

Dear Team Zuhl,

We want to sell your home in Union County. We’ve read your market trends posts and we know that some towns sell faster than others. But when should we list our home so that it sells the quickest?

Does WHEN we LIST our home affect how QUICKLY we SELL our home?

Thanks!

– Hurry Up Harry

Hi Harry,

Some people need to sell their home fast – maybe they need the cash for an emergency, or maybe they’ve been relocated. They need to price the home low and market aggressively. But if you just want to minimize the inconvenience of having you home on the market for a long time, then timing is very important.

When you list your home absolutely affects how quickly you sell your home!

When we look at the data from the past several years, we see that the average time a home spends on the market varies from month to month.

Image

It shows the length of time it took to sell a home that sold in each month of the year. Some months have shorter Days on Market than others – for example, the average home that sold in May was sold after 67.4 days on the market. That means it was listed in March. The average home that sold in October was sold after 68.8 days on the market – that means it was listed in August.

Other months have longer Days on Market. The average home that sold in January over the last several years was sold after 102.8 days on the market – that means it was listed in September. Homes that sold in February were listed 99.3 days before February – October.

Having said that, there seems to be a correlation between the DAY of the week that you list your home and how quickly it sells.  Homes listed on Fridays sell quicker than homes listed any other day of the week – perhaps because listing on Friday gives your agent enough time to get the home marketed befoer Sunday which is the busiest day for home shopping. Homes listed on Tuesdays get the most web views – on-line home buyers seem to hit the internet mid-week.

Good luck!

– TZ

Useful Links on How to Sell Your Home:

Tag Cloud

%d bloggers like this: