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You are here: Home / Westfield New Jersey Real Estate / January 2019 Market Update

January 2019 Market Update

January 21, 2019 by Scott Gleason

Stop me if you have heard this one:  How would you write the headline? 95% of applicants are declined admission to Harvard every year, or 5% of applicants get in?  Of course, your odds of selling in 2019 are much easier than 20 to 1. . . just not the no-brainer of the last few years. With the supply/demand ratios in the towns we study tilting to supply, only the best prepared, sharpest priced homes will sell promptly and for top dollar.

I am here to advise and support you every step of the way. The sooner we hook up, the better I can serve you!

The charts below show activity and standings on the 15th day of 2019. So New Actives, Back on Market, Under Contract, Withdrawn and Expired (W/X) are events of the first two weeks this year. Buyers are out, and inventory is coming out even faster. The happy news is absorption rates, months to sell off the inventory at the rate of the last 6 months, are mostly under the 6-month benchmark for a balanced market.


Curious about your home’s value?

Please click below for the market update of interest to you:

Chatham

Cranford

Fanwood

Millburn-Short Hills

Mountainside

Scotch Plains

Summit

Watchung

Warren

Westfield by Grade School:

Franklin

Jefferson

McKinley

Tamaques

Washington

Wilson

Scott Gleason scott@luxuryhomesnj.com

Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes

Filed Under: Westfield New Jersey Real Estate Tagged With: Westfield homes for sale, westfield luxury homes, Westfield NJ Luxury Homes, westfield real estate

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Scott Gleason

Luxury Homes for Sale in Westfield, New Jersey

Coldwell Banker Realty - East

Westfield Area Luxury Homes

209 Central Avenue
Westfield, NJ 07090
908-233-5555 Office
908-698-2630 Mobile/Direct
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Scott Gleason

Coldwell Banker - East

Luxury Homes for Sale

in Westfield, New Jersey

908-233-5555 Office
908-698-2630 Mobile/Direct

Send an Email to Scott

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