19 Jan 2015

2014 Middlesex County Real Estate Statistics

2014 Middlesex County Real Estate Statistics
Residential One Family Homes
Middlesex County, New Jersey
Year to Date Comparison, 2010-2014
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Wondering what the 2014 Middlesex county real estate statistics look like?

Yes, real estate sale transactions for one family homes have increased in Middlesex County in 2014…. in some Towns!
Yes, real estate sale prices for one family homes have increased in Middlesex County in 2014…. in some Towns!

Economics 101: What is true of the whole in not necessarily true of the parts!
Real estate is local!
Yes, real estate statistics can vary from Town to Town! And yes, real estate real estate values and statistics can vary from one neighborhood to another in the same town.

Middlesex County witnessed an increase in sale price from $336,449 to $345,516, a 2.7 % increase, on one family homes while closed transactions for the year dropped from 4337 to 4250, a drop of 2%. Wouldn’t it be more appropriate that if sale transactions drop so would sale prices, as the assumption would be that buyer dropped?

Not so! This trend of a drop in sale transactions and an increase in average sale is quite evident in more Towns than not in the 2014 statistics in Middlesex County. The cause for this is not due to the lack of buyer demand, but more so to the amount of homes being placed on the market for sale.

MLS Stats_Middlesex County_Town YTD Comparison_2010-2014.jpg_Page 1Would you like a printable copy of the statistics? Click Here!

Would you like to view property sales of various Towns in Northern Middlesex County? Click here!

MLS Stats_Middlesex County_Town YTD Comparison_2010-2014.jpg_Page 2

Obtaining Middlesex County 2014 Real Estate Statistics and understanding real estate market sales data can be very difficult and can be very confusing trying to understand! National reports and statistics cover the entire country, including new construction, one family homes and condominiums and townhouses. 

Real estate is local! Homeowners and potential home buyers want information regarding the real estate market where they live or where they are interested in buying or selling. While sales statistics and average sale prices can be a guide to the pulse of the real estate market, there is other valuable information a home buyer or home seller should be aware of, such as days on market, listing inventory and the amount of new listings coming on the market compared to the amount of under contract sale transactions.

Interested in reliable real estate statistics where you live. Contact your REALTOR, and I am sure they can provide similar information. Not sure about who to call, just ask, and I will be happy to help!

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