Union County Real Estate Market Update – October 2023
Today, I’m here to give you an exciting market update for Union County, New Jersey in October 2023. Whether you’re a buyer or seller, this update is for you!
Alright, let’s dive right into the numbers. Currently, we have a total of 1.41 months’ supply of inventory in Union County. Now, what does that mean? Well, it indicates the number of months it would take to sell all the homes on the market if no new listings were added. And let me tell you, with a decrease of 29.5% in the last 12 months, this is a hot market!
Now, buyers, don’t worry. I’ve got good news for you too! Despite the competitive market, the median days on market is just 19. That’s right, homes are selling fast, but with my expertise and guidance, we’ll find you the perfect home in no time.
And now, the moment you’ve all been waiting for – the median sold price. In Union County, the median sold price currently stands at a fantastic $573,500. This is a great indicator of the value and appreciation in our area. So, whether you’re buying or selling, you’re in a win-win situation!
