Team Zuhl are the experts when it comes to buying and selling a home in Scotch Plains. We’ve studied the real estate market in Scotch Plains and are ready to provide you with the most up to date information regarding your home’s worth.
Have you read the Scotch Plains real estate market report for September?
Here’s a quick summary of what we’ve learned:
|Active Listings||Sold Listings|
|12 month average||147.42||28.25|
The law of supply and demand says that when inventory drops, prices rise.
Months of Inventory:
|Months of Inventory|
|12 month average||5.75|
In Scotch Plains, there are currently 5.64 months of inventory. There are enough homes listed for sale to satisfy the current buyers in Scotch Plains.
|Average List Price||Average Sale Price|
|12 month average||$611,515||$557,661|
Pricing your home right can affect your final sales price. Work with a professional you trust who can help you navigate the muddy waters of bidding wars.
Days on Market:
|Days on Market|
|12 month average||46.40|
The speed of a home sale is dependent on home condition, pricing, and marketing. Work with your real estate professional to make sure that your home is priced right and marketed strongly!
To read more about the real estate market in Scotch Plains, please read our earlier market reports here. For more information on how Team Zuhl can help you, please call us at 908-917-4189.