Cranford NJ Real Estate Market 2009 vs 2008
Tuesday, January 26, 2010
In this report, we’ve included the comparison of the 2008 market statistics to the 2009 market statistics. Analysis coming soon, but here are the raw numbers:
2008
Closed Sales: 193
Average Sales Price: $441,793
Average Days on Market: 69
Sale Price to List Price Ratio: 96 percent
2009
Closed Sales: 199
Average Sales Price: $426,905
Average Days on Market: 67
Sale Price to List Price Ratio: 96 percent
Quick Summary: activity ended up nearly the same, despite a VERY slow start to the year. Prices averaged down about 5% for the year, because there were 500 MORE listings in 2009 than 2008, which created more supply than demand.
There will be a follow up post this week with full analysis for you!
Thanks for reading.

