Post Rate Hike: Livingston, NJ Market Update
Lena Pesso
It’s been 10+ years for me in the real estate business. I love it ❤️...
It’s been 10+ years for me in the real estate business. I love it ❤️...
Here's a 6 month post rate hike market update of Livingston, NJ (April 2022 vs Oct 2022 since interest rates went up).
During this time, the average home sale price increased from $862,000 to $894,000.
New listings are down from 57 to 33 and listings under contract are down from 37 to 27.
Despite some softening in this market, it is still a strong sellers market.
Real estate is local. What's depicted in the national headlines doesn't always correspond to what's happening in our local markets.
April 2022
57
New Listings
97
Active Listings
37
Under Contract
31
Closed Sales
October 2022
33
New Listings
98
Active Listings
27
Under Contract
28
Closed Sales
April 2022
$862k
Average Sales Price
19
Average Days on Market
2.6
Months of Supply
October 2022
$894k
Average Sales Price
37
Average Days on Market
3.6
Months of Supply