Marlboro Township: More Single Family Detached Homes For Sale in 2017

We have been struggling with low inventories of homes for a long time now.  The lack of available homes has affected prices as well as sales and market times, and has been frustrating for buyers competing for their dream home.

We have a bit of good news in the Single Family Detached category of homes in Marlboro Township . . . new listings have increased by 23.3% for the first four months of 2017 compared to the same period last year.  As a result, closed sales have also increased by 52.7%.  It is taking on average 73 days from listing to sale, down by 10 days from last year, and the median sales price in Marlboro Township (including Morganville) was $508,000.  At the end of April there was 6.1 months supply of inventory, which is considered a 'normal' level of inventory for a healthy real estate market.

Marlboro Township Townhouses and Condos are still experiencing tight inventories. As of the end of April there was only a 2.5 months supply of inventory, down by 43.2% from the end of April last year.  Comparing the first four months of 2017 with the same period last year, new listings were down 15.6%, sales held steady with no change, and the median sales price was $285,000.

Sales in Adult Communities was also unchanged from last year.  The months supply of inventory was only 1.6 months, down from 2.4 months last year.  New listings were down by 16.7%, and the median sales price was $319,000.

It's a good time to sell your home or property.  If you're thinking of selling your Marlboro Township property in the near future, we would welcome the opportunity to assist you with the sale and help you achieve your goals.