The Zastko Report - October 2012
North Brunswick Market Update
Activity in the North Brunswick real estate market continues to be very active. The number of homes sold continues to exceed performance from the previous year. For example, the 2nd Q had approx a 15% increase from 65 to 75. Similarly,while activity traditionally slows down in the 3rd quarter, it has exceeded its 2nd quarter pace and its increase from 58 homes sold last year to 75 this 3rd quarter is almost a 30% increase. With the increase in buyer demand from low interest rates and greater affordability, there is a shortage of available homes in certain segments of the market, especially newer or updated homes, reversing the trend of decline and creating greater pricing stability.
There are 173 active listings and 95 listings with pending contracts.
There have been 202 closed sales of homes in 2012 to date.
The average sales price thus far in 2012 is $281,153, with a high of $680,000 and a low of $64,500.
The average days on market is 116.
Source: Middlesex MLS - 10/4/12
The information contained herein has not been compiled or approved by the Middlesex County Multiple Listing System, Inc. Data accuracy
cannot and may not reflect all real estate activity. If your property is currently listed, this is not intended as a solicitation.