Clifton Real Estate Market Report for February 2018

Real Estate Market Report – February 2018

Its the Best Time to Sell in a Decade

According to the NAR (Nat’l Assoc of Realtors)Sellers saw an average home price gain since purchase of $54,000, up from $47,133 a year ago.That $54,000 average seller profit represents an average 29.7 percent return on investment compared to the original purchase price. That is the highest average home seller return on investment since the third quarter of 2007.

Real Estate Market in Clifton and Northern New Jersey Still Strong Despite the Winter.

The median sales price for Clifton Homes in January 2018 was:

$325,000 with 49 units closed and 40 days on the market, compared to $318,000 and 72 units closed with 44 days on market for December 2017. The SALE to PRICE ratio is 99%.

See Recently SOLD Homes in your Neighborhood

See Recently SOLD Homes in your Neighborhood