Team Zuhl is committed to providing Cranford home sellers and home buyers with the most up to date information regarding your home values. Every month, we publish an in depth analysis of the inventory, sales, and prices of homes in Cranford.
Here’s a summary of what we learned:
|Active Listings||Sold Listings|
|12 month average||103.92||22.38|
This big decrease in inventory this month should make it a little easier to sell your Cranford home this fall.
Months of Inventory:
|Months of Inventory|
|12 month average||5.03|
Despite a weak seller’s market for 2017 and the first half of 2018, Cranford currently is enjoying a normal market.
|Average List Price||Average Sale Price|
|12 month average||$543,504||$490,370|
Prices continue to rise in Cranford’s real estate market. Even with the anticipated decrease in sales this winter, prices should hold steady.
Days on Market
The homes that were sold in August in Cranford had been on the market for an average of 34 days – slightly faster than the 12 month average in Cranford of 38.4 days. Summer sales are usually brisk whereas winter sales tend to slow down. Homes that are in better condition, are priced better, or are marketed more strongly tend to sell faster.
|Days on Market|
|12 month average||38.40|