July 2020 Real Estate Market Report for North Central New Jersey

NORTH CENTRAL NEW JERSEY

MARKET REPORT J U LY 2 0 2 0 S P E C I A L E D I T I O N

SOMERSET COUNTY JULY 2020 SPECIAL EDITION JULY 2020

JULY 2019

% CHANGE

1010

1540 -34.40%

NEW LISTINGS

637

547 16.50%

CONTRACTS PENDED

593

417 42.20%

HOMES SOLD

435

468 -7.10%

HOMES FOR SALE

MEDIAN SOLD PRICE

$427,000 $410,000

4.10%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

50%

Change from Last Year

25%

0%

-25%

-50%

-75%

January

February

March

April

May

June

July

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

7/ 17 9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20

$0

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 8/9/20

MORRIS COUNTY JULY 2020 SPECIAL EDITION JULY 2019

JULY 2020

% CHANGE

HOMES FOR SALE

1570

2523 -37.80%

NEW LISTINGS

1061

817 29.90%

CONTRACTS PENDED

998

599 66.60%

HOMES SOLD

668

679 -1.60%

MEDIAN SOLD PRICE

$470,000 $455,000

3.30%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

75.00%

Change from Last Year

50.00% 25.00% 0.00% -25.00% -50.00% -75.00%

January

February

March

April

May

June

July

Median Sold Price (past 3 years) $500,000

Median Sold Price

$400,000

$300,000

$200,000

$100,000

7/ 17 9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20

$0

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 8/9/20

HUNTERDON COUNTY JULY 2020 SPECIAL EDITION JULY 2020

JULY 2019

% CHANGE

HOMES FOR SALE

571

976

-41.50%

NEW LISTINGS

312

247 26.30%

CONTRACTS PENDED

289

151 91.40%

HOMES SOLD

202

207 -2.40%

MEDIAN SOLD PRICE

$390,000 $397,000 -1.80%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

100.00%

50.00%

0.00%

-50.00%

-100.00%

January

February

March

April

May

June

July

Median Sold Price (past 3 years) $400,000

Median Sold Price

$300,000

$200,000

$100,000

7/ 17 9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20

$0

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 8/9/20

ESSEX AND UNION COUNTY MUNICIPALITIES* JULY 2020 SPECIAL EDITION JULY 2020

JULY 2019

% CHANGE

HOMES FOR SALE

893

1357

-34.20%

NEW LISTINGS

700

493 42.00%

CONTRACTS PENDED

613

362 69.30%

HOMES SOLD

442

475 -6.90%

MEDIAN SOLD PRICE

$696,000 $665,000

4.70%

Year Over Year Activity Homes for Sale

New Listings

Homes Sold

Contracts Pended

Change from Last Year

100.00%

50.00%

0.00%

-50.00%

-100.00%

January

February

March

April

May

June

July

Median Sold Price (past 3 years) $800,000

Median Sold Price

$600,000

$400,000

$200,000

7/ 17 9/ 17 11 /1 7 1/ 18 3/ 18 5/ 18 7/ 18 9/ 18 11 /1 8 1/ 19 3/ 19 5/ 19 7/ 19 9/ 19 11 /1 9 1/ 20 3/ 20 5/ 20 7/ 20

$0

* Berkeley Heights Twp, Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp

© 2020 Turpin Realtors

Subject to Errors and Omissions

Source: GSMLS and TrendGraphix as of 8/9/20

AT TURPIN, WE ’ RE HO NO RE D TO B E NAMED A TOP WO RK P L AC E B Y N J.CO M But we’re over the moon that agent and employee feedback made this award possible

www.TurpinRealtors.com Bernardsville 908-766-6500

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Far Hills 908-234-9100

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