Team Zuhl are the experts when it comes to buying and selling a home in Scotch Plains. We’ve studied the real estate market in Scotch Plains and are ready to provide you with the most up to date information regarding your home’s worth.

Have you read the Scotch Plains real estate market report for September?

Here’s a quick summary of what we’ve learned:

Inventory:

	Active Listings	Sold Listings
August 2019	133	35
August 2018	161	37
12 month average	147.42	28.25

The law of supply and demand says that when inventory drops, prices rise.

Click here to view currently listed homes in Scotch Plains.

Months of Inventory:

	Months of Inventory
August 2019	5.64
August 2018	4.35
12 month average	5.75

In Scotch Plains, there are currently 5.64 months of inventory. There are enough homes listed for sale to satisfy the current buyers in Scotch Plains.

 

Prices:

	Average List Price	Average Sale Price
August 2019	$650,382	$496,715
August 2018	$710,142	$558,004
12 month average	$611,515	$557,661

Pricing your home right can affect your final sales price. Work with a professional you trust who can help you navigate the muddy waters of bidding wars.

Days on Market:

	Days on Market
August 2019	43
August 2018	37
12 month average	46.40

The speed of a home sale is dependent on home condition, pricing, and marketing. Work with your real estate professional to make sure that your home is priced right and marketed strongly!

 

Please read the full report for our analysis on what this means for buyers and sellers.

 

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