Here is your market summary for Berkeley Heights, NJ for the month ending November 30, 2006. Inventory is coming down from our highs of a few months ago, but it is likely due to a slow season, and the true test will come in the Spring when there will be more listings and more buyers. If our inventory climbs into the 90s or 100s again, the prices can be expected to continue to soften for the near term.
In November, there were 14 closed sales in the MLS for an average sales price of $632,055 and an average days on market of 75
The list to sales price ratio was 95.8%
Currently, there are 70 single family homes active for sale in Berkeley Heights, NJ.
Thursday, December 14, 2006
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