Madison NJ Real Estate Trends

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Madison NJ Real Estate Trends – Listing vs. Sold Prices

Perhaps a move to or from Madison NJ is in your future? If that’s the case, I encourage you to take a minute to check out the most recent Madison NJ Real Estate Trends. To get a better understanding, it helps to understand what a listing price is versus a sold price. The listing price is the price the sellers are asking a buyer to pay for their home. On the other hand, the sold price is the dollar amount the buyer is willing to pay for the home. When we look at the chart below, we can see that listing prices started to decline between June and July of 2016, seeing the lowest price in September of 2016. They started rising after that point and have been fluctuating between October and now. Looking at the sold prices, we see the median sold price hit a low between April and May of 2016, rising to its peak in August 2016. The sold prices then saw a steady decline through October 2016 and have been on the rise since then. Thinking of selling? Click here to find out what your home is worth.

Madison NJ Real Estate Trends

Madison NJ Real Estate Pricing Trends

Madison NJ Real Estate Trends – Market Inventory Trends

As we dive a little deeper into the current Madison NJ Real Estate Trends, the following chart depicts how many active listings were on the market in Madison NJ and how long they have been on the market. The number of active listings in Madison NJ dropped by 37.5% from the previous month.   The median number of days active properties have been listed is 76 which is significantly shorter than the national average. The number of sales in September dropped by 75% from the previous month.

Madison NJ Inventory Trends

Madison NJ Inventory Trends

Madison NJ Real Estate Trends – Learn More!

As we wrap up the Madison NJ Real Estate Trends, other statistics to consider are: $733,880 is the median listing price, 76 is the median days on market, and the number of active listings is 35.

If you want to learn more about Madison NJ, please contact me for a free copy of our town snapshots. If you are interested in buying a home, I would love to set up a private showing for you at any of the wonderful homes for sale in Madison NJ. You can reach me by phone at 973.637.0004 or by email at Shannon@ShannonAronson.com. For more great real estate information, or for insider tips, please don’t forget to visit my website at www.NJRealEstateDirect.com.