New Providence, NJ Real Estate Market Trends

New Providence, NJ

New Providence, NJ

New Providence, NJ Real Estate Market Trends – Listing vs. Sold Prices

As we take a look at the New Providence, NJ Real Estate Market Trends, let’s first understand the difference between “listing prices” and “sold prices”. The listing price is the price the sellers are asking for their home. The sold price is what the buyers are willing to pay. When we compare these price trends, we begin to understand where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.  From the chart below, we can see that the median listing price was fairly consistent between June and mid-January; However, the median listing price began to rise in February and saw a peak in April of 2017. The median sold price was fairly consistent between June and October but then began to decline through January. The median sold prices have been slowing rising from then until now. Click here to find out what your home is worth.

New Providence, NJ Real Estate Trends

New Providence, NJ Real Estate Market Trends – Market Inventory Trends

As we continue to explore recent New Providence, NJ, Real Estate Market Trends, we learn that the median number of days active properties have been listed is 34.

New Providence, NJ Market Inventory Trends

New Providence, NJ Real Estate Market Trends – Additional Statistics

Looking further into the most recent New Providence, NJ Real Estate Market Trends, some additional helpful statistics for Single Family Homes and Condos in New Providence, NJ are as follows:  The median listing price is:  $737,320.  The number of Active Listings are:  38.

If I can arrange a showing for you at any of the wonderful properties for sale in New Providence, NJ, or if I can provide you with additional real estate information, please don’t hesitate to contact me. You can reach me by phone at 973-637-0004 or by email at Shannon@ShannonAronson.com.