Morris Township NJ Real Estate Market Update MAY 2014
By Bob Zorechak - ABR, GRI, e-PRO, Sells Homes in Morris/Somerset/Hunterdon Cos., NJ
(Keller Williams Realty Metropolitan)
Morris Township NJ Real Estate - Market Update MAY 2014 by Bob Zorechak - GRI, ABR, e-PRO The numbers for Morris Township are somewhat of a mixed bag for MAY 2014: The rolling 12 month sales volume has increased slightly by 18 units (6%) - Last year: May 2012 thru May 2013 (303 homes sold) as compared to the current period: May 2013 thru May 2014 with (321 homes sold). The May year-to-date numbers remained even when you compare it last year's year-to-date total (101 homes sold) to the current period with (101 homes sold). The monthly volume for the number of sales occurring last May (35 homes sold), as compared to this May (26 homes sold) is down by 26% or (9) units. This marks the first time in four years that sales did not increase from the prior year. The volume of Pending Sal...
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