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 that the listing prices reached a high in between December 2015 and January 2016. After that, the listing prices saw a decline through September 2016, but they appear to be rising again beginning in October. The opposite seems to be true of the sold prices. The sold prices saw a decline in January of 2016 and then were increasing through July 2016, with a slight dip in May of 2016. The sold prices dipped again in August 2016 but have been rising since.

The Chathams NJ Real Estate Trends

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 increased by 36.5% from the previous month. The median number of days active properties have been listed is 51. This is significantly shorter than the national average.

Chathams NJ Real Estate Trends

Chathams NJ Real Estate Trends – Learn More!

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.