Summit, NJ Real Estate Market Activity

The Shannon Aronson Team is your link to all things real estate! Today I want to show you what the real estate market has been doing in Summit, NJ.

Active Inventory in Summit, NJ

Below are three graphs showing recent real estate activity in Summit. The first chart depicts the number of active listings that were available in Summit during the past twelve months.

Active Listings in Summit, NJ March 2012-February 2013

Active Listings in Summit, NJ March 2012-February 2013

Listings Under Contract in Summit, NJ

The second graph pictures the number of listings that went under contract, by month, over the past year.

Listings Under Contract in Summit, NJ March 2012-February 2013

Listings Under Contract in Summit, NJ March 2012-February 2013

Summit, NJ Real Estate Market Activity

Finally, the last graph shows the number of new listings, number of listings that went under contract, number of listings with price reductions, and the number of properties closed, by week, over the past 8 weeks, in Summit.

Summit, NJ Real Estate Market Activity 1/17-3/14/13

Summit, NJ Real Estate Market Activity 1/17-3/14/13

 

That wraps up the current market in Summit. If you have unanswered questions, please feel free to contact me at Shannon@ShannonAronson.com, or visit my website at www.NJRealEstateDirect.com.