Clark Market Report - August 2011 to August 2012
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
What's been going on in the real estate market in Clark, NJ? Is it good news or bad news? For starters, let's look at how long the average house is on the market before it's sold. The past 12 months have seen 3 hot markets, according to this data. In January 2012, May 2012, and August 2012, the inventory was flying off the shelves compared to the rest of the year. November 2011, March 2012, and July 2012 were slow months. Since closings are usually about 2 months after the home is seen, November doesn't surprise us - remember the weather in September last year? Hurricane Irene scared away some buyers. The slow sales in March can be explained by the holidays, but what explains the unusually slow market in July? When we look at a comparison of new listings and...
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