Livingston NJ Real Estate Trends

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Livingston NJ Real Estate Trends – Listing vs. Sold Prices

If you are considering making a move to or from Livingston NJ, please take a look at the information that follows regarding the most recent Livingston NJ Real Estate Trends. Before we delve into the statistics for Livingston NJ, let’s first make sure we understand the difference between a listing price and a sold price. A listing price refers to the dollar amount a seller is asking a buyer to pay for their home. Conversely, a sold price is how much a buyer is willing to pay for the seller’s home. Taking a look at the graph below, we can see that average listing prices peaked between February and March of 2016, with a high around $903,000. The listing prices then began to decline between March and April. Listing prices remained steady between $650,000 and $715,000 between April and September of 2016. Listing prices then began seeing an increase again between September and October and have been declining again between October and now. When we take a look at the sold prices, we see they were at a low of approximately $479,000 in February of 2016. Median sold prices have been increasing each month since then, hitting its peak of about $665,000 this month. If you are thinking of selling your home and are curious what it is worth, click here.

Livingston NJ Real Estate Trends

Livingston NJ Real Estate Trends

Livingston NJ Real Estate Trends – Market Inventory Trends

As we continue to check out the most recent Livingston NJ Real Estate Trends, the graph below shows us the number of active listings that were on the market in Livingston NJ and how long they have been on the market. The number of active listings in Livingston NJ increased by 9.9% from the previous month.   The median number of days active properties have been listed is 79 which is significantly shorter than the national average.

Livingston NJ Real Estate Trends - Inventory Trends

Livingston NJ Real Estate Trends – Inventory Trends

Livingston NJ Real Estate Trends – Learn More!

In conclusion of our look at the most recent Livingston NJ Real Estate Trends, some other statistics to consider are: $807,040 is the median listing price, 79 is the median days on market, and the number of active listings is 98.

Please be sure to contact me if you are interested in purchasing a home in Livingston NJ. It would be my pleasure to set up a showing for you at any of the wonderful homes for sale in Livingston NJ. If you would like to learn more about Livingston NJ, please be sure to contact me for a FREE copy of our town snapshots. I can be reached by phone at 973.637.0004 or by email at Shannon@ShannonAronson.com. Please be sure to check out my website for more great real estate information, or for insider tips.