Here are Allison Ziefert Real Estate Group’s latest real estate market reports for the two towns– Maplewood and S. Orange, NJ. These reports show closed sales for February 2021 and also YTD and Y/Y statistics:
When comparing YTD closed sales for 2020 v. 2021, Maplewood’s average sales price is up by 44% and South Orange’s is up by 45%. Levels of inventory are acutely low– down by 64% for Maplewood and 74% for South Orange over the same period as last year! The average “days on market”, or length of time for closed homes were on the market, YTD for Maplewood was down by 26% and for South Orange homes it was down by 39%. Looking at YTD averages, Maplewood homes closed for 105.59% of list price and South Orange homes for 104% of list price.
If you have any questions about our latest reports feel free to reach out to Allison Ziefert at [email protected]
The Allison Ziefert Real Estate Group is a top producing real estate team based at Compass in Short Hills, NJ. We are local market experts, specializing in real estate and homes in Maplewood, South Orange, Millburn/Short Hills, Montclair, West Orange, NJ and the surrounding towns. We are driven by earning great testimonials and referral business from happy clients. You can read our testimonials here.