Scotch Plains Real Estate Market Report - November 2014
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
A necessary first step to take before you buy or sell a Scotch Plains home is to learn about local real estate market trends. Here's what you need to know this month. Inventory: There are currently 148 single family homes offered for sale in Scotch Plains. While the inventory is dropping since the summer peak, there are still plenty of homes to sell. In November of 2013, there were 119 homes actively listed. The high inventory this year isn't because homes aren't selling - in fact, homes are selling quite quickly. There were 25 sales in Scotch Plains in November, nearly 3 times as many as there were in November of 2013. The high inventory this year is because some homeowners who have postponing selling for a few years are finally feeling confident that their home values have returned...
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