Team Zuhl is committed to providing Cranford home sellers and home buyers with the most up to date information regarding your home values. Every month, we publish an in depth analysis of the inventory, sales, and prices of homes in Cranford.

 

Did you miss September’s market report? Click here to read it today!

Here’s a summary of what we learned:

Inventory:

	Active Listings	Sold Listings
August 2019	107	25
August 2018	89	21
12 month average	103.92	22.38

This big decrease in inventory this month should make it a little easier to sell your Cranford home this fall.

 

Months of Inventory:

	Months of Inventory
August 2019	5.06
August 2018	4.24
12 month average	5.03

Despite a weak seller’s market for 2017 and the first half of 2018, Cranford currently is enjoying a normal market.

 

Prices

	Average List Price	Average Sale Price
August 2019	$531,270	$517,346
August 2018	$564,503	$496,662
12 month average	$543,504	$490,370

Prices continue to rise in Cranford’s real estate market. Even with the anticipated decrease in sales this winter, prices should hold steady.

 

Days on Market

The homes that were sold in August in Cranford had been on the market for an average of 34 days –  slightly faster than the 12 month average in Cranford of 38.4 days. Summer sales are usually brisk whereas winter sales tend to slow down. Homes that are in better condition, are priced better, or are marketed more strongly tend to sell faster.

 

	Days on Market
August 2019	34
August 2018	31
12 month average	38.40

 

Click here to learn what this means for buyers and sellers!

 

To read more about the real estate market in Cranford, please read our earlier market reports here.  For more information on how Team Zuhl can help you, please click here or call us at 908-917-4189.