Chathams NJ Real Estate Trends

real-estate-trends

The Chathams NJ Real Estate Trends – Listing vs. Sold Prices

If you are considering buying a home or selling a home in The Chathams NJ it would be helpful for you to see what the current Chathams NJ Real Estate Trends are. Before we talk about the chart below, it is important for you to understand the difference between a listing price and a sold price. The listing price is how much a seller is asking for their home. The sold price is how much the buyer is willing to pay for the home. When we look at the most recent Chathams NJ real estate trends, we see after a 12 month low in October of 2016, the listing prices reached a high between December 2016 and January 2017. After that, the listing prices began to once again decline. The sold prices reached a high between May and June 2016, and saw a dramatic decline between June and July of 2017.

The Chathams NJ Real Estate Trends

Chatham NJ Real Estate Trends – Market Inventory Trends

Looking further into Chatham NJ Real Estate Trends, we learn that the number of active listings in Chatham NJ dropped by 7.5% from the previous month. The median number of days active properties have been listed is 72.

Chathams NJ Market Inventory Trends

Chathams NJ Real Estate Trends – Learn More!

Some additional interesting statistics include:  $1,306,690 is the median listing price for homes in Chatham NJ; 72 is the median days on market; and 86 is the number of active listings.  If you have unanswered question or would like to learn more about the Chathams NJ real estate trends, or if you would like to see any of the properties for sale in Chatham NJ, please be sure to contact me. I can be reached by phone at 973.637.0004 or via email at Shannon@ShannonAronson.com. For more information about The Chathams NJ and our surrounding communities, please visit my website at www.NJRealEstateDirect.com.