If you’re a homeowner in Scotch Plains, or if you want to be a homeowner in Scotch Plains, you need to pay close attention to the real estate market. Team Zuhl has crunched the numbers for you and has released the Scotch Plains real estate market report for October.
Are you in for a trick or a treat?
We’re ending the summer with lower inventory than this time last year – only 161 homes offered for sale with 24 sold in September, compared to 171 homes and 31 sold in September of 2018. Decreasing inventory often results in increased prices and faster sales. So far, prices haven’t shown this increase with the average sale in September being $495,000, about 7% lower than this time last year.
For a more in depth analysis of Scotch Plains’ real estate market, please click here. If you’re thinking of buying or selling a Scotch Plains home, please call us at 908-917-4189.