My April 2013 real estate market statistics are in for Maplewood, NJ and surrounding towns. Let’s get straight to the numbers. In the following charts I compare some of the important market stats for 2012 and 2013: average sales price, days on market and units sold year-to-date for some key towns in my marketplace.
Days on Market – I was surprised that in most of the towns only Millburn is showing a steep decrease in DOM. I bet we will see these numbers coming way down when spring sales begin to close in most of the towns given the pace with which things are trading lately.
Average Sales Price – Look how the prices have come up in Livingston, Maplewood, Short Hills, Millburn and South Orange since last April. Short Hills has really shot up!
Units Sold – is a good indicator of the strength of the market. You can see that the number of home sales in up across the board, except for in Short Hills.
Here are my April 2013 Market Snapshots for the towns in my market place. Click on the link below to view your town’s data: