Your Gay Real Estate

The real estate market in South Orange New Jersey has been a bit slower this year than last, though not nearly as slow as some people would have you believe.  In this article I will give you the raw numbers so you can make your own call.

All data is from the first 8 months of 2009 as compaired to the first 8 months of 2008.

Number of South Orange NJ homes sold:

2009 homes sold =  95
2008 homes sold =  125

Average selling price in South Orange NJ:

2009 = $561,028
2008 = $582,278

Median selling price in South Orange NJ:

2009 = $500,000
2008 = $548,550

Average days to sell in South Orange NJ:

2009 = 75.1
2008 = 65.4

Median days to sell in South Orange NJ:

2009 = 55
2008 = 44

So the median price seems to be down about 10% but the average price is only down a few percentage points here in South Orange.  What we are seeing here in South Orange is very similar to most other towns in the area, lower priced homes and condos are selling quite well, while mid level and upper level homes are not selling so well.

I am a proud member of the gay community, and believe strongly in supporting its members wherever I can.  If you would prefer to work with a Gay South Orange Real Estate Agent who puts your interests first, give me a call 973-647-0253.

For the most recent market update for the neighboring town of Maplewood New Jersey visit NJ-RealEstate-Agent.com.

James Boyer
Gay South Orange NJ REALTOR
Morris Essex & Union County Real Estate
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct