As area experts, we can tell you that the Clark Real Estate Market was simply outstanding in 2016. So, how does 2016 compare to the previous several years?
- Firstly, inventory is down. This is an excellent indicator of a seller's market. In 2013, the average inventory was 91 homes. However, in 2016, the average inventory 76 homes. This is an excellent indicator of a seller's market.
- Overall, sales are up. In 2013, 130 single family homes were sold, compared to 167 homes sold in 2016. Lower inventory leads to increased demand, this tends to drive prices up.
- As A and B above show, prices are up! The average sale price of a home in Clark in 2013 was sold for $360,138. In 2016 the average sale price was up by 20% at $433,397.
- The Active Days on Market is down, another good indicator. The average time in 2013 to sell a home in Clark was 82.5 days as an active listing. However, in 2016, the average days on market was 51.5 days. Things are looking good for Clark!!!
~ Wayne & Jean
Union County, NJ - a great place to live and work!
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.