Westfield, NJ Real Estate Update 

There are currently 195 single family homes  on the market for sale. These numbers have stayed stable in the past month. Last month, there were about 203 listings for sale at this time. Inventory levels in general are higher than in prior months, giving buyers more options when selecting a home.

Although prices in general have trended slightly lower or flatlined, Westfield still remains an appealing option for many buyers, which has enabled homes to sell quickly if they are priced properly. Westfield NJ has an excellent school system, an expansive downtown shopping and dining area, and a train line to Newark, with transfer service to Manhattan.

Multiple offers are still a possiblity for competetively priced homes. However, with so many new listings, I expect days on market to rise for homes that are priced too high.

There were 43 properties that closed in July in Westfield, the average selling price was $893,697 and the average days on market was 43. (according to Garden State MLS Statistics) This is consistent with last months buyer stats.

Prepared By:

Sean Carroll - Realtor

RE/MAX Classic Group

Serving Cranford, Westfield, Garwood, Berkeley Heights, and surrounding towns as your Realtor!

http://www.westfieldpropertiesonline.com/

http://www.thecarrollconnection.com/