The daffodils emerged, the ospreys returned and new available Montclair NJ real estate listings came back the market in March. 74 new listings came on versus 55 in March last year and 52 in February, boosting active listings to 151, the highest level since October. If history is any indication, we should see continued inventory growth in the coming months peaking in April or May. New listings will include everything from move right in to fixer uppers. Consult with us to find value among the new crop of listings.
Winter sales data was weak for the second month in a row evidenced by sale price to original price and average days on market of 100% and 54 vs 104% and 36 days over the trailing 12 months. I attribute this to lower buyer traffic and opportunistic buying of homes that went unsold over the fall/winter months.
Contact me for more information about your best next step.
PS – Get the best price for your home by planning ahead.
The Stanton Company Realtors’ Home Sellers’ Countdown Calendar