REGIONAL RESULTS | MAY 2023
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
1,879 1,358 1,933 1,738 1,404 2019 2020 2021 2022 2023 0 500 1000 1500 2000 PENDED SALES (UNITS) - MONTH OF MAY Last 5 Years $512,500 $559,300 $608,000 $664,500 $697,500 2019 2020 2021 2022 2023 0 200000 400000 600000 MEDIAN LIST PRICE, HOMES PENDED - MONTH OF MAY Last 5 Years 3.60 3.10 1.30 1.10 1.00 2019 2020 2021 2022 2023 0 1 2 3 4 Months MONTHS SUPPLY, HOMES PENDED - MONTH OF MAY Last 5 Years
Properties
All Prices Source: GSMLS 6/12/23 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
Residential
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* This report is inclusive of results from select municipalities in Essex and Union counties as detailed on the following page.
REGIONAL RESULTS | MAY 2023
ESSEX*, HUNTERDON, MORRIS, SOMERSET & UNION* COUNTIES
Residential Properties - Activity by Price
ALL PRICES
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
$2,000,000 - $2,999,999 MILLION
Source: GSMLS 6/12/23 & Trendgraphix © 2023 Turpin Realtors Subject to Errors and Omissions
% Change May 2023 May 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 1366 1951 -30% 1594 2214 -28% 1404 1738 -19% 991 1378 -28% 28 22 27%
% Change May 2023 May 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 897 1472 -39% 1245 1838 -32% 1145 1471 -22% 802 1127 -29% 26 22 18%
% Change May 2023 May 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 314 346 -9% 276 305 -10% 218 218 0% 157 216 -27% 35 20 75%
% Change May 2023 May 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 84 71 18% 49 50 -2% 31 35 -11% 21 30 -30% 32 20 60% $3 MILLION+ % Change May 2023 May 2022 Homes For Sale New Listing Homes Sold Contracts Pended Days on Market 71 62 15% 24 21 14% 10 14 -29% 11 5 120% 30 150 -80%
This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village, West Orange Twp Union County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, Summit City, Westfield Twp
About the Data
This study includes all residential home sales in the regions noted, as reported by Garden State Multiple Service LLC (GSMLS) and Trendgraphix, including condominiums and townhomes. It does not include land sales, commercial sales, or rentals.
Cover page image: 450 Claremont Rd, Bernardsville, NJ www.TurpinRealtors.com
© 2023 Turpin Realtors • Subject to Errors and Omissions
• Source: GSMLS 6/12/23 & Trendgraphix
