Union County Homes: Real Estate Market Report - Clark, NJ - October 2016

Real Estate Market Report - Clark, NJ - October 2016

Before you buy a home or sell a home in Clark, it's important to first understand how current market conditions compare to past market conditions and what that means for the future. Here's what you need to know for October, 2016.

Inventory: There are currently 71 homes offered for sale in Clark. This is the lowest inventory we've seen in Clark since spring and is not unusual for this time of year and comes after a record high inventory in June of 106 homes. There were 12 homes sold in Clark in September.

graph showing homes listed and sold in Clark from January 2012 to present

Prices: The average home that was sold in Clark in September was sold for $535,083 which is the highest monthly sale price since June of 2014. The 12 month average sale price in Clark is $429,449. Clark prices continue to rise overall as shown in the dark green trend line in the graph below.

this graph shows the average sale price of a home in Clark from January 2012 until present

Days on Market: The average number of days a home in Clark was offered for sale before being under contract was 37 days in September compared to a 12 month average of 48.5 days. Even as inventory shrinks, the demand for homes in Clark continues to rise.

For more information on selling a home:

FREE market analysis of clark

 

 

 

~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Comment balloon 1 commentWayne and Jean Marie Zuhl • October 12 2016 10:45AM

Comments

You sure don't see any SHIFT in your market on the horizon.  Guess we will see what happens by the end of the year. 

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Division Specialist (Keller Williams Advantage III Realty in Lake Nona) about 2 years ago

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