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Monthly Market Trends by County
Data sourced from BrightMLS
Mercer County
Sales as of the Past 12 Months
Mercer County has sales that follow the typical trend of family friendly areas buoyed by a market of non-family related sales in the off season. In the summer months before the school year, the real estate market booms and the majority of sales are made. That said, the total number of sales does not dip below 200 even in the trickiest house sale months. If you are worried about selling your house during a tricky time period. Contact me for some solutions and strategies for coping with an off season house sale.
Last List Price Average for the Past 12 Months
The pricing for houses is relatively stable with the optimal pricing during the summer time peak months and at worst 16% drop in price during the off peak selling months. If you are a buyer this is music to your ears! Contact me for important questions about how to optimize both pricing and features in a home.
Somerset County
Sales as of the Past 12 Months
Here the house sales are more dynamic because the housing market is much smaller. This feature is very appealing to those who prefer housing in smaller more intimate communities. In addition, as a seller, this means that your house has a better chance of shining among the competition. Contact me for some services I leverage to make your house stick out among the competition.
Last List Price Average for the Past 12 Months
This trend also exemplifies why Somerset has a more dynamic number of sales: the houses. The average last listing price is higher compared to some of the other counties on this list and does not dip below $600,000. I can point you to some of the key features of today’s luxury homes in these areas that justify the prices now and in the future of these quality homes.
Middlesex County
Number of Sales as of the Past 12 Months
Middlesex follows the family buying and selling trends with an even higher dramatic change created by the Rutgers population where professors and students alike buy lots of housing before the school years starts. Like Somerset, the market is smaller which allows for greater visibility when selling your home.
Last List Price Average for the Past 12 Months
Middlesex shows very stable average list prices over the past 12 months even in the typical real estate off season. This is good news if you are looking to have a house that will maintain its value. Ask me how to keep, maintain, and improve the value of your house.