South Orange Real Estate 2009 Year in Review
March 15th, 2010 Categories: Buying a Home in NJ, Recent New Jersey Home Sales, Selling A Home in NJ, South Orange Living
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Real Estate Trends in South Orange NJ - 2009 Year in Review
Homes sold in 2009: 151 (vs. 175 in 2008)
Avg list price: $574,858 (2.5% lower than in 2008, $589,653)
Avg sale price in 2009: $530,707 (2008 sales price $571,405)
DOM: 76 in 2009 (vs. 67 in 2008)
LP:SP percentage: 95% (97% in 2008)
Homes Currently for Sale in South Orange, New Jersey
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Has the market picked up during the 1st quater of 2010? In Orlando, our March closings were up 40% over 2009. Most think its fueled by the tax credit but there is some hope that investors have perceived a bottom and foreign money is moving in. And we’ve had average price increases each of the last two months although the average priceis still 19% below last year.
Comment by Bill Fulton — April 11, 2010 #