South Orange’s first quarter real estate results are in and the market continues to soar:
Average Sale Price Diff. Days on Market Diff.
Q1 2016 $611,582 +2% 55 -13%
Q1 2015 $599,807 63
The first quarter is typically the slowest in term of number of sales. That’s why these results are especially strong indicators about the strength of the spring market . In the spring is when the largest which is usually when most homes come on the market. While the price increase seems moderate, the time on the market decreased so much that the prices will likely continue to rise.
View All of the Sold Properties Here