Clifton NJ and Area’s Market Report For January 2020
Local Housing STATS for LAST Half of 2019
Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 375 Homes
Median SOLD Price: $ 360,000 Days on Market: 31 Sale to List Ratio: 100
Local Housing STATS for LAST Half of 2018
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 436 Homes
Media SOLD Price: $ 340,000 Days on Market: 32 Sale to List Ratio: 99
That’s an Approximate 5.7% or $20,000 ↑ Increase
WINTER is the New SPRING for Real Estate!
As the Real Estate market normally goes through its annual cooling off period this time of the year, especially in the Northeast due mainly to weather conditions. We’re still seeing great buyer demand this time and according to research the new norm for buyers is to start early in the year to get ahead of the market rush and higher competition in the SPRING that typically starts APRIL 1st.
A GREAT TIME TO SELL or BUY If You’re Thinking About it as the news suggests buyers are starting their research online in January.
DID YOU KNOW:
What’s Absortion Rate? ….Do You Know Your Town Absortion Rate?
Typically, AR is the time it would take for all the properties in the market at a particular point in time to all SELL if no new properties enter the MARKET. While researching Clifton NJ and Area’s Market Report For January 2020 STATS:
Particularly Clifton active listings of single and condos/townhomes is approximately 95 units as of 1-13-20 and typically about 60-70 units sell every months, which means if no more homes were listed for sale in approximately 45 or less there would not be any available homes for sale.
It Would Take less than 1.5 Months to Sell ALL UNITS (Which represents an extremely favorable Seller’s Market for Clifton, NJ)
(These are extracted from the local Garden State MLS system for general information purposes and no representations are made as to its accuracy and no guarantees or representations are implied)
CALL ME FOR A FREE HOME ANALYSIS AND YOUR AREA’S ABSORTION RATE INDICATORS.
Roberto A. Sanchez – 973-216-1945
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