For the first time, ALL of the markets we reviewed offer more than 1 month of inventory compared to May’s sales volume. The change in average sales price was less consistent with some markets remaining flat while others jumped up – Washington Township Luxury Market - or down - Westfield. The trend of longer time on the market for most homes remains true in May.
For Matt Mclaughlin & Associates, May was a busy month, with 10 new listings, 14 homes under contract, and 13 homes sold. To understand how we can best assist you in your next real estate transaction, call Matt today.
Data gathered 6/6/2024 from MIBOR. Data included 5/1/2024-5/31/2024.