Rahway Real Estate Market Report - May 2018
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
If you own a home in Rahway, or if you want to own a home in Rahway, this is the place to be for information about real estate values this spring.Here’s what’s been happening lately.Inventory: 30 homes were sold in Rahway in April, compared to 18 homes sold in April of 2017. There are 126 homes currently offered for sale in Rahway in April - compared to the 12 month average of 137. More sales, even a conservative increase, will serve to reduce the inventory. As inventory shrinks, demand for homes usually increases. This can help to raise prices and/or shorten the length of time homes are on the market. Prices: Average sale price in Rahway in April was $263,647 - compared to the 12 month average of $263,070. Average list price in Rahway in June was $280,222 - compared to the 12 month av...
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