January Montclair Real Estate Market Recap
February 10, 2017
Selling in 2017? Set yourself up for success!
March 13, 2017
Welcome to our February Montclair Real Estate Market Recap
More mild weather had buyers active in the Montclair real estate market in February.
Higher than normal buying activity in December and January resulted in 23 closed sales in February, up from a prior 5 year average of 13.
Among those 23 closings, the average sale price exceeded the original ask price by 6%, a level we haven’t seen since 2005.
People must love living in Montclair, because not too many of them are leaving.
44 houses came on the market in February increasing the number of homes on the market to 120 from 117 at the end of January. This is down from 134 at the end of February last year.
We’ll see more houses come on in March, but chances are they’ll largely be absorbed by buyers waiting in the wings.
It’s a competitive market. Avail yourself of our experience; highest offer doesn’t always get the house!
Check out our information for buyers here.
Questions about your own situation?
Contact me today, Rich
