Berkeley Heights NJ Real Estate Trends

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Berkeley Heights NJ Real Estate Trends – Listing vs. Sold Prices

Perhaps the new year means a move for you. If you are considering a move to Berkeley Heights NJ, I think the following information in regards to the most recent Berkeley Heights NJ Real Estate trends will be of interest to you. In order to best understand the information, let’s first take a look at the difference between a “listing price” and a “sold price”. The “listing price” is how much a seller is asking a buyer to pay for their home. On the other hand, a “sold price” is how much a buyer is willing to pay for a home. When we look at the chart below, we see the median listing price in Berkeley Heights NJ was at its lowest in February of 2016. The median list price then began to steadily increase until reaching its peak between June and July of 2016. After July, the median list price began to steadily decline, until reaching its low between October and November of 2016. Between November and December 2016, median listing price saw a sharp increase and has since dropped. Looking at the median sold prices, we see they were declining between February and June 2016. We saw volatile median sold prices, spiking in July 2016 and then intermittently rising and declining between July and October, reaching its lowest in October. Median sold prices have been increasing since October, reaching a 12-month high this month.

Berkeley Heights NJ Real Estate Trends

Berkeley Heights NJ Real Estate Trends – Market Inventory Trends

As we continue looking at the most recent Berkeley Heights NJ Real Estate Trends, we learn how many active listings were on the market in Berkeley Heights NJ and how long they’ve been listed. The number of active listings in Berkeley Heights NJ dropped 21.8% from the previous month. The median number of days active properties have been listed is 82 which is significantly shorter than the national average.

Berkeley Heights NJ Real Estate Trends

Berkeley Heights NJ Real Estate Trends – Learn More!

As we wrap up our look at the most recent Berkeley Heights NJ Real Estate Trends, some other statistics to consider are: $559,380 is the median listing price, 82 is the median days on market, and the number of active listings is 37.

If you are interested in arranging a showing at any of the homes for sale in Berkeley Heights NJ, please contact me. You can reach me by phone at 973.637.0004 or by email at Shannon@ShannonAronson.com. To learn more about Berkeley Heights NJ, please contact me for a FREE copy of our town snapshots. For more great real estate information, including helpful insider tips, please visit my website at www.NJRealEstateDirect.com.