Harding NJ Real Estate Statistics April 2008
The Harding NJ real estate market for the year so far has been a bit slow. Not a big surprise considering that for most of the towns in the area, it is the lower and middle priced homes which are selling, while the upper end homes languish on the market.
There are currently 50 homes for sale in Harding New Jersey and there have been 6 which have transferred to new owners since January 1 of this year. That is not a real fast rate of absorption.
Here are the stats for the Harding NJ Real Estate market as it currently sits:
- $595,000 is the lowest priced home in Harding NJ
- $16,000,000 is the current highest priced Harding NJ home for sale.
- $3,169,310 is the current average price for a Harding NJ home for sale.
- $2,250,000 is the current median price for a Harding NJ home for sale.
- The average number of days on the market for the actively for sale homes is 132.6
- The median number of days on the market for the actively for sale homes is 93
As you can tell from the above statistics the average home price in the Harding NJ real estate marketplace is considerably higher than many of the local towns. That being said, this much higher price range is currently selling much slower in most towns of the area than homes in the 300K to 700K price range.
If you would like to see all the homes currently listed for sale in the MLS for Harding NJ, talk a look at Harding NJ Real Estate.
3 Responses to “Harding NJ Real Estate Statistics April 2008”
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April 26th, 2008
Things are that slow in Harding? No wonder I see so many house for sale signs around. When do you think things will pick up for Harding?
April 26th, 2008
Yes, things are fairly slow for the price range that most of the homes in Harding NJ fall into. There is a way around this slowness though. Proper pricing for a buyers market will really bring in the home buyers, even in Harding. This does not mean you have to give your home away, but you have to put it on sale, like the grocery store does when they want to bring you in and move a few items. In the real estate business putting something on sale means pricing it 3% to 5% below what the market compatibles say it should be priced at. If that price is to low, the buyers will tell you that, with multiple offers. Yes, multiple offer situations are happening even in April of 2008, I know because I went through one a few weeks ago.
Just like with the rest of New Jersey, the Harding NJ real estate market will recover over time and get back to a more even market. It may take until 2010 for that to happen though.
Jim
April 30th, 2008
how about some pictures Harding sometime.