Millburn Short Hills NJ Real Estate Trends

Millburn Township

Millburn Short Hills, NJ Real Estate Trends – Listing vs. Sold Prices

Curious about current Millburn Short Hills NJ real estate trends? If you are considering a move to Millburn Short Hills NJ, you may be wondering about the most recent Millburn Short Hills NJ Real Estate Trends. When we compare listing price and sold prices, it gives us a good indication of where the real estate market is heading. First, let’s understand the difference between a listing price and a sold price. The listing price is what the sellers are asking for their home, while the sold price is the amount a buyer is willing to pay. When we look at the chart below, we can see the median listing price was at its lowest in August of 2016 while it reached its peak over the course of the past 12 months in January of 2017. The median sold price increased steadily between August 2016 and December 2016 and then saw a drastic decline between December and January. Median sold prices have remained relatively low in comparison to that peak they experienced in December of last year. Thinking of selling? Click here to find out what your home is worth.

Millburn Short Hills NJ Real Estate Trends

Millburn Short Hills NJ Real Estate Trends – Market Inventory Trends

As we continue to examine the most recent Millburn Short Hills NJ Real Estate Trends, the chart below shows us how many active listings have been on the market in Millburn Short Hills NJ. The median number of days active properties have been listed is 71.

Milburn Short Hills NJ Market Inventory Trends

Millburn Short Hills NJ Real Estate Trends – Learn More!

As we wrap up our look into the Millburn Short Hills NJ Real Estate Trends, some other interesting statistics to note are: $2,089,530 is the median listing price, 71 is the median days on market, and the number of active listings is 122.

If you find you still have questions regarding Millburn Short Hills NJ real estate trends, or you would like to see any of the homes for sale, please be sure to contact me. I can be reached by phone at 973.214.0691 or via email at Shannon@ShannonAronson.com. For more information about Millburn Short Hills NJ and our surrounding communities, please be sure to visit my website at www.NJRealEstateDirect.com.