Montclair Housing Market Strong to End Summer, New Peak Hit
September 10, 2020
October Sees New Local Home Sales Record
November 10, 2020

Pending Sale – 117 Lloyd Road Montclair, NJ 07042

Local 🏡🏡🏡 Inventory Catching Up?

Strong Demand Continues, with More Listings Becoming Available

The September Montclair real estate market continued to be quite active with a slight lull at the outset of the month as people adjusted to their fall routines and back to school. 

Inventory is starting to catch up as active listings mirrored 2019 levels, with 86 new listings contributing to 163 available properties over the course of the month, versus 165 last year.  

Strong demand continued to be the theme with 54 homes marked under contract in September, versus 39 last year. 

Sales prices provided further evidence of strong demand as average close price exceeded ask by 13%. 

The higher end of the market continued strong as the average price among September closings was $901k, versus $885k in the trailing twelve months and $746k in the twelve months prior. This is a function of more demand for homes with more space as well as price increases in the $700k -$1 million range.

The market is strong and still full of opportunities for both sellers and buyers. 

Contact me for more information,

Rich Stanton
3rd Generation Owner & Principal Broker